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NYMEX HO: (X18) Monday's Low Under........>

OIL TECHS
OIL TECHS: NYMEX HO: (X18) Monday's Low Under Threat 
*RES 4: $2.7900 - Resistance 
*RES 3: $2.6000 - Resistance 
*RES 2: $2.5500 - Channel top 
*RES 1: $2.5000 - Resistance 
*PRICE: $2.3662 @ 05:50 GMT 
*SUP 1: $2.3588 - Low Oct 8 
*SUP 2: $2.3000 - Support 
*SUP 3: $2.1974 - Low Sep 18 
*SUP 4: $2.1813 - High Aug 14 now support 
Heating oil futures dropped back below $2.40 yesterday to shift the near-term
outlook negative, with bears looking to take out Monday's low at $2.3588. Below
here opens the prior range highs around $2.30 and a break here would shift the
broader outlook bearish. Bulls need to break above the Oct 3 high at $2.4496 to
reignite upside momentum and target $2.50.

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