NYMEX HO: (U18) Rally Continues *RES 4:...>

OIL TECHS: NYMEX HO: (U18) Rally Continues

*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: $2.2145 @ 05:57 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 

After Friday saw a cluster of resistance levels give way in Sep-18 Heating oil

futures, the next level to watch is the July 10 high, which is currently within

touching distance. Above here would open up the May 22 high at $2.2970 and the

measured move from the bull flag breakout that 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.