NYMEX HO: (Z18) 200-DMA Holds On A........>

OIL TECHS: NYMEX HO: (Z18) 200-DMA Holds On A Closing Basis 

*RES 4: $2.5500 - Channel top 

*RES 3: $2.4534 - High Oct 3 

*RES 2: $2.3627 - Low Oct 8, now resistance 

*RES 1: $2.2800 - 55-dma 

*PRICE: $2.1848 @ 05:36 GMT 

*SUP 1: $2.1416 - 200-dma 

*SUP 2: $2.0871 - Low Aug 15 

*SUP 3: $2.0719 - Low Jul 18 

*SUP 4: $1.9561 - Low Jul Apr 6 

Heating oil futures held their 200-dma on Friday on a closing basis which gives

bulls some breathing room and an opportunity to target resistance at the 55-dma

at $2.28. A break above here shift the focus back to the upside, re-establishing

the bullish trend and targeting the Oct 3 high at $2.4534. However, bears remain

in control and the downtrend would accelerate below the 200-dma at $2.1416,

opening the Aug 15 low at $2.0871.