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NYMEX HO: (X18) Losing Its Grip On........>

OIL TECHS
OIL TECHS: NYMEX HO: (X18) Losing Its Grip On $2.40 
*RES 4: $2.7900 - Resistance 
*RES 3: $2.6000 - Resistance 
*RES 2: $2.5500 - Channel top 
*RES 1: $2.5000 - Resistance 
*PRICE: $2.3709 @ 05:25 GMT 
*SUP 1: $2.3000 - Support 
*SUP 2: $2.1974 - Low Sep 18 
*SUP 3: $2.1813 - High Aug 14 now support 
*SUP 4: $2.1075 - 200-dma 
Nov-18 Nymex Heating Oil futures has lost its grip on the $2.40 level which has
shifted the short-term outlook negative. A break below the key $2.30 level would
allow bears to mount a reversal targeting the Sep 18 low just below $2.20. Bulls
need to recover the $2.50 level to extend the broader rally towards the channel
top at $2.55. 

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