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OIL TECHS: NYMEX HO: (X18) New Highs In Sight
*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: $2.2942 @ 06:19 GMT
*SUP 1: $2.1941 - Low Sep 7
*SUP 2: $2.1813 - High Aug 14 now support
*SUP 3: $2.0862 - 200-dma
*SUP 4: $2.0655 - Low July 17
Nov-18 Nymex Heating Oil futures are within touching distance of their Sep 4
high at $2.3095 and the broad-based strength in the space suggests a break is
increasingly likely. Above here would trigger a bull flag breakout targeting the
$2.40 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.