NYMEX HO (K19) Stuck Below $2.10 *RES.....>

OIL TECHS: NYMEX HO (K19) Stuck Below $2.10

*RES 4: $2.2105 - Low Oct 24 

*RES 3: $2.1837 - High Nov 8 

*RES 2: $2.1108 - 61.8% Retracement 

*RES 1: $2.0898 - High April 10

*PRICE: $2.0646 @ 05:47 GMT Apr 15 

*SUP 1: $2.0454 - 200-dma 

*SUP 2: $2.0020/1.9791 - Low Apr 5/55-dma 

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

*SUP 4: $1.9016 - 100-dma 

Heating oil futures were unable to take out Thursday's high on Friday resulting

in some downside momentum. Bulls need to take out Thursday's high at $2.0898 to

reignite upside momentum and open the 61.8% retracement of the Oct-Dec decline

at $2.1108 ahead of the Nov 8 high. To stabilise the outlook bears look for a

move back below the 200-dma at $2.0454 while a break below the April 5

low/55-dma at $2.0020/1.9791 would shift the outlook negative.