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NYMEX HO: (V18) Bull Flag In Play *RES....>

OIL TECHS
OIL TECHS: NYMEX HO: (V18) Bull Flag In Play
*RES 4: $2.5000 - Bull channel top 
*RES 3: $2.4000 - Measured move from bull flag breakout 
*RES 2: $2.2988 - High May 22 
*RES 1: $2.2647 - High Aug 30 
*PRICE: $2.2431 @ 04:42 GMT 
*SUP 1: $2.1893 - High Jul 27 
*SUP 2: $2.1453 - High Aug 21 
*SUP 3: $2.0823 - Low Aug 15 
*SUP 4: $2.0574 - Low July 18 
Nymex Heating Oil continues to display a bullish pattern as the hold of
resistance-turned support at the July 27 highs keeps the focus on the May 22
highs and the bull breakout target at $2.4000. On the downside, bears need to
push back below the July 27 and August 21 highs to shift the outlook neutral
again.

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