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NYMEX HO: (X18) Support At $2.30 Holds....>

OIL TECHS: NYMEX HO: (X18) Support At $2.30 Holds Firm
*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: $2.3229 @ 06:19 GMT 
*SUP 1: $2.1941 - Low Sep 7 
*SUP 2: $2.1813 - High Aug 14 now support 
*SUP 3: $2.0908 - 200-dma 
*SUP 4: $2.0655 - Low July 17 
Nov-18 Nymex Heating Oil futures dipped back below $2.30 yesterday but failed to
close there allowing bulls to regain the initiative and post new cycle highs.
The next upside target is at the $2.40 bull flag breakout level. Bears need a
close back below $2.30 to gain some breathing room and break below the Sep 7 low
at $2.1941 to shift the outlook back to neutral.

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