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NYMEX RBOB: (G18) Bears Need Close........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (G18) Bears Need Close Below $1.7525
*RES 4: $1.9136 - Daily Bull channel top
*RES 3: $1.8153 - 2017 High Dec 12
*RES 2: $1.8013 - Bollinger band top
*RES 1: $1.8007 - Hourly resistance Dec 26
*PRICE: $1.7841 @ 0430GMT
*SUP 1: $1.7681 - High Dec 22 now support
*SUP 2: $1.7300 - High Dec 13 now support
*SUP 3: $1.7291 - 21-DMA
*SUP 4: $1.7119 - 55-DMA
*COMMENTARY: The daily bull channel base confirmed significance with the bounce
now having resulted in fresh 2017 & 2+ year highs. Bullish focus now shifts to
tests of the daily bull channel top around $1.9136 today. The Bollinger top is a
concern and currently limits follow through. Layers of support remain with bears
now needing a close below $1.7525 to shift focus back to $1.6894-1.7300 where
key DMAs are noted.

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