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NYMEX RBOB: (F19) Drifting Higher *RES....>

OIL TECHS
OIL TECHS: NYMEX RBOB: (F19) Drifting Higher
*RES 4: $1.9889 - High Oct 17 
*RES 3: $1.8337 - 200-dma 
*RES 2: $1.5995 - High Nov 16 
*RES 1: $1.5177 - High Dec 7 
*PRICE: $1.441 @ 05:43 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 
After underperforming over recent months RBOB futures are now outperforming
among the space as bulls look for a close back above the 21-dma to shift the
outlook bullish. Above the Dec 7 high at $1.5177 would shift the outlook
positive and open the Nov 16 high at $1.5995 ahead of the 200-dma. Bears
continue to focus on the Nov 30 low at $1.3541. Below here would reignite the
downtrend and open the June 2017 lows at $1.2886. 

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