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NYMEX HO: (X18) New Highs Established.....>

OIL TECHS: NYMEX HO: (X18) New Highs Established
*RES 4: $2.6500 - Channel top 
*RES 3: $2.6000 - Resistance 
*RES 2: $2.5000 - Resistance 
*RES 1: $2.4000 - Measured move from bull flag breakout 
*PRICE: $2.3122 @ 06:05 GMT 
*SUP 1: $2.1941 - Low Sep 7 
*SUP 2: $2.1813 - High Aug 14 now support 
*SUP 3: $2.0886 - 200-dma 
*SUP 4: $2.0655 - Low July 17 
Nov-18 Nymex Heating Oil futures managed to overcome their Sep 4 highs at
$2.3095 yesterday, solidifying the longer-term bullish picture. Above here now
targets the $2.40 bull flag breakout level. Bears need a close back below the
Sep 7 low at $2.1941 to shift the outlook back to neutral. Below here would
target the Aug 14 high at $2.1813, now acting as support.

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