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Broader base bids emerging


A little lower


Decent Bobl auction


JPY Implied Vols Surge Pre-BoJ

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NYMEX RBOB (F20): Bull Trend Resumes......>

OIL TECHS: NYMEX RBOB (F20): Bull Trend Resumes
*RES 4: $1.7426 - 0.764 projection of Oct 3 - Nov 22 rally from Dec 3 low
*RES 3: $1.7361 - High May 16
*RES 2: $1.7241 - High May 20
*RES 1: $1.7149 - 0.618 projection of Oct 3 - Nov 22 rally from Dec 3 low
*PRICE: $1.7105 @ 07:25 GMT Dec 20
*SUP 1: $1.6532 - Low Dec 16
*SUP 2: $1.6100 - Low Dec 11
*SUP 3: $1.5550 - Low Dec 3 and key support
*SUP 4: $1.5437 - 61.8% retracement of the Oct 3 - Nov 22 rally
RBOB traded higher yesterday resulting in a break of the former key resistance
$1.7036, Nov 22 high and the bull trigger. This confirms a resumption of the
uptrend with price maintaining the bullish sequence of higher highs and higher
lows. Momentum studies are pointing north too, reinforcing current trending
conditions. The focus is on $1.7241, May 20 high and $1.7361, May 16 high.
Support is seen at $1.6532, Dec 16 low.

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