Introduction. Bulls are scared as the energy market fell out of bed yesterday. Heating Oil and Gasoil are at levels not seen for six years whilst the rest is also looking anything but bullish. There are, however, two very good technical reasons not to be short at the moment. The first one is Brent. This contract fell to 42.43 yesterday with its lowest print of the last six years at 42.23. A close below the latter will undoubtedly hand the steering wheel back to the bears. The second reason is RBOB. This contract, once again, is the odd one out. Every other contract is below its respective daily short-term M/As. RBOB is holding the 13-day. A close below this support is bearish and if it is coupled with Brent moving and settling below its massive range support then the whole complex should head significantly lower. To be clear, we are not trying to paint a bullish picture. We are merely pointing out that due to these two crucial supports holding bears ought to cover and only re-establish their positions if the Brent/RBOB supports are closed below or the highest of the daily short-term M/As are tested but not settled over. On WTI this M/A is the 13-day at 41.75. If it is not settled above in case of a rally the recent lows of 39.97/84 are to be re-visited. On a close below the aforementioned supports WTI should fall down to 37.75, the continuation low from back in August. Brent needs to penetrate and close below 42.23 in which case the February 2009 low at 39.35 will be the next downside target. A rally to and a failure to close above the 8-day at 44.65 is also a sell for the renewed test of yesterday's low. Heating Oil is bearish as such but this will have to be confirmed by closes below supports on Brent and RBOB. In the meantime sell a rally to the 13-day at 138.29 provided it is not settled above. In case of a breakdown the contract should target the 127.85 range support and below that the nearest support is seen at 122.10. On RBOB the 13-day M/A support is at 129.61. This is the number to watch as a close below this level will send the price of this contract down to the 127.15 range support. Gasoil is a sell if it tests its 13-day which is some way above the market