NYMEX RBOB (F20): Uptrend In Place *RES...>

OIL TECHS: NYMEX RBOB (F20): Uptrend In Place

*RES 4: $1.7552 - 1.764 projection of Oct 3 - Oct 14 rally from Oct 21 low

*RES 3: $1.7358 - 1.618 projection of Oct 3 - Oct 14 rally from Oct 21 low

*RES 2: $1.7201 - 1.500 projection of Oct 3 - Oct 14 rally from Oct 21 low

*RES 1: $1.7036 - High Nov 22 and bull trigger

*PRICE: $1.6818 @ 07:20 GMT Nov 29

*SUP 1: $1.6358 - Low Nov 21

*SUP 2: $1.5812 - Low Nov 20 and the bear trigger

*SUP 3: $1.5564 - Low Oct 31 and a key support

*SUP 4: $1.5209 - Low Oct 21

RBOB is consolidating but maintains a bullish stance following last weeks sharp

rally off the Nov 20 low. The recovery resulted in a test of key resistance at

$1.6990, Sep 16 high and a bull trigger. This has confirmed a resumption of the

uptrend that has been in place since Oct 3 and attention is on $1.7036, Nov 22

high and the primary near-term resistance. Key support has been defined at

$1.5812, Nov 20 low. Initial support lies at $1.5812, Nov 20 low.