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NYMEX RBOB: (F19) Failed At Down..........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (F19) Failed At Down Trendline Resistance 
*RES 4: $1.9889 - High Oct 17 
*RES 3: $1.842 - 200-dma 
*RES 2: $1.5995 - High Nov 16 
*RES 1: $1.4700 - Down trendline resistance 
*PRICE: $1.4404 @ 06:18 GMT 
*SUP 1: $1.4201 - Low Dec 3 
*SUP 2: $1.3541 - Low Nov 30 
*SUP 3: $1.2986 - Low June 21, 2017 
*SUP 4: $1.0915 - Low Jan 19, 2016 
Jan-19 RBOB futures' failure to break above down trendline resistance yesterday
has returned the near-term outlook neutral albeit within a broader bearish
trend. A break above here is needed to target the Nov 16 high at $1.6104 ahead
of the 200-dma. Yesterday's low at $1.4201 now becomes support, below which
would suggest a retest of Friday's lows at $1.3541.

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