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NYMEX RBOB: (G18) $1.8196 Support.........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (G18) $1.8196 Support Confirms Significance
*RES 4: $1.9511 - Daily Bull channel top
*RES 3: $1.9148 - Low Aug 31 now resistance
*RES 2: $1.8824 - Bollinger band top
*RES 1: $1.8602 - 2018 High Jan 11
*PRICE: $1.8487 @ 0430GMT
*SUP 1: $1.8380 - Hourly resistance Jan 11 now support
*SUP 2: $1.8196 - Hourly resistance Jan 9 now support
*SUP 3: $1.7961 - Low Jan 9
*SUP 4: $1.7771 - Low Jan 4
*COMMENTARY: Bulls take comfort in the bounce Friday confirming the significance
of the $1.8196 support and returning pressure to 2018 highs. Bulls look for a
close above $1.8602 to add support to the case for a test of the bull channel
top. Bears continue to look for a close below $1.8196 to ease bullish pressure
and hint at a correction back to $1.7562-1.7771 where 21 & 55-DMAs are situated.

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