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NYMEX HO: (V18) Bullish Formation *RES...>

OIL TECHS
OIL TECHS: NYMEX HO: (V18) Bullish Formation 
*RES 4: $2.6000 - Resistance 
*RES 3: $2.5000 - Resistance 
*RES 2: $2.4000 - Measured move from bull flag breakout 
*RES 1: $2.3089 - High Sep 4 
*PRICE: $2.2357 @ 06:11 GMT 
*SUP 1: $2.1908 - Low Sep 7 
*SUP 2: $2.1817 - High Aug 14 now support 
*SUP 3: $2.0823 - Low Aug 15 
*SUP 4: $2.0750 - 200-DMA 
Oct-18 Nymex Heating Oil futures managed to recover their 21-dma yesterday to
shift the focus back to the Sep 4 high at $2.3089. A short-term pennant
formation suggests further upside and a continuation of the larger bullish
trend. Bears need to close back below the Sep 7 low at $2.1908 to shift the
outlook back to neutral, allowing them to target Aug 14 support at $2.1817.

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