NYMEX HO: (Z18) Bearish Below 200-DMA.....>

OIL TECHS: NYMEX HO: (Z18) Bearish Below 200-DMA

*RES 4: $2.4534 - High Oct 3 

*RES 3: $2.3627 - Low Oct 8, now resistance 

*RES 2: $2.2674 - 55-dma 

*RES 1: $2.1444 - 200-dma 

*PRICE: $2.0869 @ 05:52 GMT 

*SUP 1: $2.0430 - Low Jul 18 (continuation chart) 

*SUP 2: $1.9484 - Low Apr 6 (continuation chart) 

*SUP 3: $1.8600 - Up trendline support from 2016 lows (continuation chart) 

*SUP 4: $1.8094 - Low Feb 14 (continuation chart) 

Heating oil futures look to be consolidating the recent break below the 200-dma

ahead of another leg lower, with the July 18 low on the continuation chart at

$2.0430 the next downside target. Below here opens up trendline support from the

216 lows which comes in at $1.8600. Bulls need to reclaim the 200-dma at $2.1444

to return the outlook neutral, and overcome the 55-dma at $2.2674 to regain the

upper hand.