NYMEX RBOB: (F18) Bulls Need Close........>

OIL TECHS: NYMEX RBOB: (F18) Bulls Need Close Above $1.6900

*RES 4: $1.7413 - Hourly resistance Dec 12a

*RES 3: $1.7235 - Hourly support Dec 11 now resistance

*RES 2: $1.7153 - Hourly resistance Dec 12

*RES 1: $1.6900 - Hourly support Dec 7 now resistance

*PRICE: $1.6765 @ 0430GMT

*SUP 1: $1.6438 - Low Dec 13

*SUP 2: $1.6354 - Low Oct 25

*SUP 3: $1.6039 - 100-DMA 

*SUP 4: $1.5831 - Low Oct 17

*COMMENTARY: Bulls take comfort in the recovery from the week's low so far but

continue to look for a close above $1.6900 to ease bearish pressure and above

$1.7400 to shift focus back to $1.8151. While $1.6900 caps bears currently focus

on $1.5831-1.6039 where the 100-DMA is situated. O/S daily studies and the

Bollinger base ($1.6458) are key concerns for bears with potential to limit

follow through.