NYMEX HO: (X18) $2.30 Holds For Now ......>

OIL TECHS: NYMEX HO: (X18) $2.30 Holds For Now 

*RES 4: $2.6000 - Resistance 

*RES 3: $2.5500 - Channel top 

*RES 2: $2.4496 - High Oct 3 

*RES 1: $2.3590 - Low Oct 8, now resistance 

*PRICE: $2.3163 @ 05:43 GMT 

*SUP 1: $2.3000 - Support 

*SUP 2: $2.1974 - Low Sep 18 

*SUP 3: $2.1813 - High Aug 14 now support 

*SUP 4: $2.1209 - 200-dma 

Heating oil futures found support again around the key $2.30 level despite a

brief dip below it, which keeps the outlook neutral for now. Bears need to close

below $2.30 to gain the upper hand and mount a potential downside reversal, with

the next downside target coming in at the Sep 18 low at $2.1974. A hold of $2.30

puts the focus on the Oct 8 low at $2.3590 now acting as resistance, a break of

which opens the Oct 3 peak.