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NYMEX HO: (Z18) Recovery Efforts Look.....>

OIL TECHS
OIL TECHS: NYMEX HO: (Z18) Recovery Efforts Look Weak
*RES 4: $2.4534 - High Oct 3 
*RES 3: $2.3627 - Low Oct 8, now resistance 
*RES 2: $2.2606 - 55-dma 
*RES 1: $2.1468 - 200-dma 
*PRICE: $2.0817 @ 06:02 GMT 
*SUP 1: $2.0503 - Low Nov 14 
*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 remain below their 200-dma as recovery efforts have so far
failed to alter the bearish trend, keeping the focus on the Nov 14 low at
$2.0503. Below here would open the April 6 lows ahead of up trendline support
from the 216 lows which comes in at $1.8600. Bulls need to reclaim the 200-dma
at $2.1468 to return the outlook neutral, and overcome the 55-dma at $2.2606 to
regain the upper hand.
Energy BulletsCommodities
Energy BulletsCommodities

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