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NYMEX RBOB: (F19) Bounce Potential *RES...>

OIL TECHS
OIL TECHS: NYMEX RBOB: (F19) Bounce Potential
*RES 4: $1.9889 - High Oct 17 
*RES 3: $1.8389 - 200-dma 
*RES 2: $1.5995 - High Nov 16 
*RES 1: $1.4816 - 21-dma
*PRICE: $1.4828 @ 05:45 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 back above $150 on Friday but failed to cling to this
level as well as the 21-dma. Bulls now need a close above $1.4816 to shift the
outlook positive and open the Nov 16 high at $1.5995 ahead of the 200-dma. Bears
look for a break below $1.3541 to reignite the downtrend and open the June 2017
lows at $1.2886. 

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