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NYMEX HO: (Z18) Bearish Break *RES 4:.....>

OIL TECHS
OIL TECHS: NYMEX HO: (Z18) Bearish Break
*RES 4: $2.5500 - Channel top 
*RES 3: $2.4534 - High Oct 3 
*RES 2: $2.3627 - Low Oct 8, now resistance 
*RES 1: $2.2792 - 55-dma 
*PRICE: $2.1615 @ 05:43 GMT 
*SUP 1: $2.1370 - 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 closed below up trendline support from the Feb lows on
Friday turning attention to the 200-dma at $2.1370, below which the Aug 15 low
at $2.0871 would come into play. Bearish momentum is building and bulls need to
recover the 55-dma, currently at $2.2792, in order to re-establish the uptrend
and open the Oct 3 highs.

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