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NYMEX HO: (U18) May Peak In Sight *RES...>

OIL TECHS
OIL TECHS: NYMEX HO: (U18) May Peak In Sight 
*RES 4: $2.4000 - Measured move from bull flag breakout 
*RES 3: $2.2970 - High May 22 
*RES 2: $2.2440 - High May 31 
*RES 1: $2.2387 - High July 10 
*PRICE: $2.2008 @ 04:42 GMT 
*SUP 1: $2.1836 - High Jul 27 
*SUP 2: $2.1416 - High Aug 21 
*SUP 3: $2.0760 - Low Aug 15 
*SUP 4: $2.0490 - Low July 18 
Friday saw a cluster of resistance levels give way in Sep-18 Heating oil
futures, which now puts the focus firmly at the May 22 high. Above this, the
measured move from the bull flag breakout comes in at around $2.4000. Bears need
a close back below $2.1836 to take the pressure off, and a close below the Aug
15 low to return the focus lower.

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