NYMEX RBOB (F20): Bullish Theme Intact....>

OIL TECHS: NYMEX RBOB (F20): Bullish Theme Intact

*RES 4: $1.8137 - 1.00 projection of Oct 3 - Nov 22 rally from Dec 3 low

*RES 3: $1.8000 - Round number resistance

*RES 2: $1.7800 - High Apr 25

*RES 1: $1.7571 - High Dec 26

*PRICE: $1.7526 @ 07:39 GMT Dec 27

*SUP 1: $1.7249 - Low Dec 26

*SUP 2: $1.6907 - Low Dec 23 and key near-term support

*SUP 3: $1.6532 - Low Dec 16

*SUP 4: $1.6100 - Low Dec 11

RBOB retains a bullish outlook. Futures have recently traded through key

resistance at $1.7036, Nov 22 high and the bull trigger. This confirmed 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 May highs have been cleared and attention turns

to 1.8000 and 1.8137, a Fibonacci projection level. Support is at $1.6532.