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NYMEX HO (M19) Uptrend Support and........>

OIL TECHS
OIL TECHS: NYMEX HO (M19) Uptrend Support and 55-DMA In Focus
*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: $2.0371 @ 05:59 GMT May 6 
*SUP 1: $2.0271/0200 - 55-dma/Uptrend support from Jan lows
*SUP 2: $1.9417 - Low Mar 8 
*SUP 3: $1.9353/9281 - 100-dma/Feb 4 high 
*SUP 4: $1.8236 - Low Jan 28 
Heating oil futures have broken below the 200-dma as risk assets come under
pressure globally amid trade tariff fears. Uptrend support from the Jan lows and
the 55-dma are the last line of defense before the outlook turns bearish and the
March 8 low at $1.9417 comes into play. To reignite upside momentum bulls look
to overcome the May 2 high at $2.0977 to target the April 22 ytd high at
$2.1268. 

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