NYMEX HO (K19) Momentum Fading *RES 4:...>

OIL TECHS: NYMEX HO (K19) Momentum Fading 

*RES 4: $2.2709 - High Oct 26 

*RES 3: $2.2105 - Low Oct 24 

*RES 2: $2.1837 - High Nov 8 

*RES 1: $2.1242 - High Apr 22 

*PRICE: $2.0919 @ 05:48 GMT Apr 26 

*SUP 1: $2.0500/0464/0422 - Uptrend support from Dec low/Low Apr 15/200-dma 

*SUP 2: $2.0020/2.0096 - Low Apr 5/55-dma 

*SUP 3: $1.9369/9261 - Low Mar 22/High Feb 4 

*SUP 4: $1.9203 - 100-dma 

Heating oil futures have closed back below the $2.10 level for two consecutive

days raising the prospect of a downside reversal towards the $2.0500/0464/0422

area marking uptrend support from Dec low, the April 15 low, and the 200-dma.

Below here would target the April 5 low/55-dma at $2.0020/2.0096. Bulls continue

to look for a break above Monday's high at $2.1224 to extend the uptrend. Above

here holds the Nov 8 high which comes in at $2.1837.