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Timeline of key events (Times BST)


Timeline of key events (Times BST)


Remains Vulnerable


Heading South

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OIL TECHS: NYMEX RBOB: (F18) $1.7106 Support Remains Key
*RES 4: $1.8500 - 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: $1.7668 @ 0430GMT
*SUP 1: $1.7487 - 21-DMA
*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 and
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 look for a close above $1.7806 to reconfirm focus on $1.8151-1.8500 where
the bull channel top is located.

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