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NYMEX HO (K19) Marginal New Highs *RES....>

OIL TECHS
OIL TECHS: NYMEX HO (K19) Marginal New Highs
*RES 4: $2.2105 - Low Oct 24 
*RES 3: $2.1837 - High Nov 8 
*RES 2: $2.1108 - 61.8% Retracement 
*RES 1: $2.0923 - High April 17 
*PRICE: $2.0692 @ 05:37 GMT Apr 18 
*SUP 1: $2.0464/0439 - Low Apr 15/200-dma 
*SUP 2: $2.0020/1.9904 - Low Apr 5/55-dma 
*SUP 3: $1.9369/9261 - Low Mar 22/High Feb 4 
*SUP 4: $1.9067 - 100-dma 
Heating oil futures posted marginal new highs yesterday of $2.0923 before
falling back into its recent range. The broader uptrend remains intact above the
200-dma with bulls looking to take out yesterday's high to open the 61.8%
retracement of the Oct-Dec decline at $2.1108 ahead of the Nov 8 high. Bears
need a break below Monday's low and the 200-dma at $2.0464/0439 to open the
April 5 low/55-dma at $2.0020/1.9904.

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