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NYMEX HO (M19) Bulls Keep Uptrend Alive...>

OIL TECHS
OIL TECHS: NYMEX HO (M19) Bulls Keep Uptrend Alive
*RES 4: $2.2125 - Low Oct 24, 2018 
*RES 3: $2.1852 - High Nov 8, 2018 
*RES 2: $2.1268 - High Apr 22 
*RES 1: $2.0977 - High May 2 
*PRICE: $2.0583 @ 05:37 GMT May 10 
*SUP 1: $2.0307/0301/0209 - 55-dma/Uptrend support from Jan lows/Low May 7 
*SUP 2: $1.9417/9467 - Low Mar 8/100-dma 
*SUP 3: $1.9281 - Feb 4 high 
*SUP 4: $1.8236 - Low Jan 28 
Heating oil futures are showing upside potential after continuing to hold above
uptrend support and the 55-dma. Down trendline resistance from the April 22
highs comes in just ahead of current levels, with a break opening the May 2 high
at $2.0977. Above here would target the April 22 ytd high at $2.1268. A break
below $2.0307/0301/0209 is needed to suggest a downside reversal towards the
March 8 low/100-dma at $1.9417/49.

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