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NYMEX RBOB (F19) Stabilised in mid......>

COMMODITIES
COMMODITIES: NYMEX RBOB (F19) Stabilised in mid $1.30s
*RES 4: $1.9889 - High Oct 17
*RES 3: $1.9395 - 200-dma
*RES 2: $1.5995 - High Nov 16
*RES 1: $1.5177 - High Dec 7
*PRICE: $1.3470 @ 12:12 GMT Dec 31
*SUP 1: $1.2450 - Dec 26 low
*SUP 3: $1.2000 - Bear channel bottom
*SUP 4: $1.0915 - Low Jan 19, 2016
After breaking to the lows of 2018 around Christmas, RBOB futures have
stabilised in the mid $1.30s. The focus remains to the downside, however, with
the Dec 26 low of $1.2450 providing initial support. Below here is the bear
channel bottom at $1.20. Bulls need to break above the Dec 7 high at $1.5177 to
return the focus to the upside and open the Nov 16 high at $1.5995.

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