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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: $1.9167 - Daily Bull channel top
*RES 3: $1.8153 - 2017 High Dec 12
*RES 2: $1.8063 - Bollinger band top
*RES 1: $1.8007 - Hourly resistance Dec 26
*PRICE: $1.7912 @ 0430GMT
*SUP 1: $1.7777 - Hourly support Dec 27
*SUP 2: $1.7646 - Low Dec 27
*SUP 3: $1.7525 - Low Dec 24
*SUP 4: $1.7303 - 21-DMA
*COMMENTARY: The daily bull channel base confirmed significance with the bounce
having resulted in fresh 2017 & 2+ year highs. Bullish focus shifts to tests of
the daily bull channel top around $1.9167 today. The Bollinger top is a concern
and currently limits follow through. Layers of support remain with bears needing
a close below $1.7525 to shift focus back to $1.6894-1.7303 where key DMAs are
noted.

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