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

OIL TECHS
OIL TECHS: NYMEX RBOB: (F18) $1.7106 Support Now Key
*RES 4: $1.8399 - Daily Bull channel top
*RES 3: $1.8151 - High Nov 8
*RES 2: $1.7806 - High Nov 14
*RES 1: $1.7506 - High Nov 17
*PRICE: $1.7406 @ 0430GMT
*SUP 1: $1.7311 - Low Nov 9
*SUP 2: $1.7106 - Low Nov 16 
*SUP 3: $1.6588 - Low Oct 27 
*SUP 4: $1.6325 - 55-DMA
*COMMENTARY: Bears failed to capitalise on a close below the 21-DMA ($1.7315)
last week with bears now needing a close below $1.7106 to confirm a break of the
21-DMA and to shift focus back to $1.6241-1.6588 where the 55-DMA and bull
channel base are situated. Bulls now look for a close above $1.7806 to reconfirm
focus on $1.8151-1.8399 where the bull channel top is located.

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