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NYMEX RBOB: (F19) Bears Fail To Retest....>

OIL TECHS
OIL TECHS: NYMEX RBOB: (F19) Bears Fail To Retest The Lows 
*RES 4: $1.9889 - High Oct 17 
*RES 3: $1.8389 - 200-dma 
*RES 2: $1.5995 - High Nov 16 
*RES 1: $1.4910 - High Dec 5 
*PRICE: $1.4315 @ 05:06 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 dropped as low as $1.3848 yesterday before recovering as
bears were unable to mount a retest of the Nov 30 lows. A break below here at
$1.3541 is needed to reignite the downtrend and open the June 2017 lows at
$1.2886. Bulls now need to break above Wednesday's high at $1.4910 to shift the
outlook positive and open the Nov 16 high. 

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