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NYMEX RBOB: (F19) Back Below Down.........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (F19) Back Below Down Trendline Resistance 
*RES 4: $1.9889 - High Oct 17 
*RES 3: $1.8389 - 200-dma 
*RES 2: $1.5995 - High Nov 16 
*RES 1: $1.4781 - High Dec 4 
*PRICE: $1.4157 @ 06:05 GMT 
*SUP 1: $1.3541 - Low Nov 30 
*SUP 2: $1.2986 - Low June 21, 2017 
*SUP 3: $1.2000 - Bear channel bottom 
*SUP 4: $1.0915 - Low Jan 19, 2016 
Jan-19 RBOB futures' broke above down trendline resistance from the peak
yesterday but the break failed to hold and weakness has resumed. Friday's low at
$1.3541 now comes back into focus, ahead of a return to the June 2017 lows at
$1.2886. Bulls need to reclaim $1.4781 to confirm the break above down trendline
resistance. Above here would open the Nov 16 high at $1.6104 ahead of the
200-dma. 

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