NYMEX HO: (Z18) Bears Not Letting Up ....>

OIL TECHS: NYMEX HO: (Z18) Bears Not Letting Up  

*RES 4: $2.4534 - High Oct 3 

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

*RES 2: $2.2540 - 55-dma 

*RES 1: $2.1471 - 200-dma 

*PRICE: $1.9655 @ 05:47 GMT 

*SUP 1: $1.9484 - Low Apr 6 (continuation chart) 

*SUP 2: $1.8600 - Up trendline support from 2016 lows (continuation chart) 

*SUP 3: $1.8385 - Low March 12 

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

Heating oil futures cannot catch a break as the bearish trend continues to

intensify. The April 6 low acts as the next level of support, a break of which

would bring into play up trendline support from the 2016 lows. Bulls need to

reclaim the 200-dma at $2.1471 to return the outlook neutral, and overcome the

55-dma at $2.2540 to regain the upper hand.