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

OIL TECHS
OIL TECHS: NYMEX RBOB: (F18) $1.7106 Support Remains Key
*RES 4: $1.8151 - High Nov 8
*RES 3: $1.7940 - High Nov 27
*RES 2: $1.7700 - High Dec 1
*RES 1: $1.7527 - Hourly resistance Dec 1
*PRICE: $1.7287 @ 0430GMT
*SUP 1: $1.7183 - Low Nov 30
*SUP 2: $1.7106 - Low Nov 16
*SUP 3: $1.7076 - Bollinger band base
*SUP 4: $1.6675 - 55-DMA
*COMMENTARY: The closes below the 21-DMA and ST bull channel base saw immediate
focus shift to $1.7106 with a close below needed to target $1.6354-1.6675 where
the LT bull channel base and 55-DMA are located. Layers of resistance remain
with bulls looking for a close above $1.7700 to ease bearish pressure and above
$1.7940 to reconfirm immediate focus on retests of $1.8151 and then the bull
channel top ($1.8704).

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