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NYMEX HO: (X18) 21-DMA Support Holds......>

OIL TECHS
OIL TECHS: NYMEX HO: (X18) 21-DMA Support Holds
*RES 4: $2.7900 - Resistance 
*RES 3: $2.6000 - Resistance 
*RES 2: $2.5500 - Channel top 
*RES 1: $2.5000 - Resistance 
*PRICE: $2.3420 @ 05:30 GMT 
*SUP 1: $2.3278 - 21-dma
*SUP 2: $2.3000 - Support 
*SUP 3: $2.1974 - Low Sep 18 
*SUP 4: $2.1813 - High Aug 14 now support 
Heating oil futures found support at their 21-dma yesterday to keep the bullish
trend intact for now, but the bounce has lacked impulse suggesting this level
remains vulnerable. A close below it would open the key $2.30 level, below which
would give bears the edge. Bulls need to break above the Oct 3 high at $2.4496
to reignite upside momentum and target $2.50.

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