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NYMEX RBOB: (F18) $1.7106 Support.........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (F18) $1.7106 Support Remains Key
*RES 4: $1.8467 - Daily Bull channel top
*RES 3: $1.8290 - High Nov 8
*RES 2: $1.8151 - High Nov 8
*RES 1: $1.7806 - High Nov 14
*PRICE: $1.7677 @ 0430GMT
*SUP 1: $1.7546 - Hourly resistance Nov 21 now support
*SUP 2: $1.7323 - Alternating hourly support/resistance
*SUP 3: $1.7106 - Low Nov 16 
*SUP 4: $1.6588 - Low Oct 27
*COMMENTARY: Bears continue to fail to capitalise on dips below the 21-DMA
($1.7438) and now need a close below $1.7106 to confirm a break of the 21-DMA
and to shift focus back to $1.6354-1.6588 where the 55-DMA and bull channel base
are situated. Bulls now look for a close above $1.7806 to reconfirm focus on
$1.8151-1.8467 where the bull channel top is located.

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