NYMEX RBOB: (F18) Focus on 55-DMA &.......>

OIL TECHS: NYMEX RBOB: (F18) Focus on 55-DMA & Channel Base

*RES 4: $1.7538 - 21-DMA

*RES 3: $1.7527 - Hourly resistance Dec 1

*RES 2: $1.7353 - Hourly resistance Dec 4

*RES 1: $1.7142 - Hourly support Dec 5 now resistance

*PRICE: $1.7006 @ 0430GMT

*SUP 1: $1.6894 - Low Dec 5

*SUP 2: $1.6722 - 55-DMA

*SUP 3: $1.6613 - Daily Bull channel base (Off June 21 Low)

*SUP 4: $1.6354 - Low Oct 25

*COMMENTARY: Pressure on $1.7106 took its toll with a close below Monday that

now sees focus on layers of support $1.6354-1.6722 where the bull channel base

and 55-DMA are noted. Bears now need a close below $1.6354 to confirm an end to

bullish hopes and shift initial focus to $1.5831-46 where the 100-DMA is

located. Bulls now need a close above $1.7353 to ease bearish pressure.