NYMEX HO: (Z18) Bulls Can't Catch A.......>

OIL TECHS: NYMEX HO: (Z18) Bulls Can't Catch A 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: $2.2807 - 55-dma 

*PRICE: $2.1707 @ 06:02 GMT 

*SUP 1: $2.1407 - 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 rose back above the $2.25 briefly yesterday but failed to

cling to gains, keeping the downtrend firmly intact. Bulls need a break above

the 55-dma to 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

for now, targeting the 200-dma at $2.1407, below which the Aug 15 low at $2.0871

comes into play.