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NYMEX HO: (X18) Bullish Picture Still.....>

OIL TECHS: NYMEX HO: (X18) Bullish Picture Still Intact
*RES 4: $2.6000 - Resistance 
*RES 3: $2.5000 - Resistance 
*RES 2: $2.4000 - Measured move from bull flag breakout 
*RES 1: $2.3095 - High Sep 4 
*PRICE: $2.2306 @ 06:25 GMT 
*SUP 1: $2.1941 - Low Sep 7 
*SUP 2: $2.1813 - High Aug 14 now support 
*SUP 3: $2.0851 - Low Aug 15 
*SUP 4: $2.0839 - 200-dma
Nov-18 Nymex Heating Oil futures have started the week on the front foot
recovering weakness seen late on Friday. The Sep 4 high at $2.3095 is still
firmly in sight for the bulls, which look to trigger a bull flag breakout
targeting the $2.40 level. Bears need a close back below the Sep 7 low at
$2.1908 to shift the outlook back to neutral. Below here would target the Aug 14
high at $2.1817, now acting as support.

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