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

OIL TECHS
OIL TECHS: NYMEX RBOB: (G18) Bears Need Close Below $1.8196
*RES 4: $1.9148 - Low Auf 31 now resistance
*RES 3: $1.8685 - Bollinger band top
*RES 2: $1.8513 - 2018 High Jan 10
*RES 1: $1.8441 - Hourly support Jan 9 now resistance
*PRICE: $1.8318 @ 0430GMT
*SUP 1: $1.8196 - Hourly resistance Jan 9 now support
*SUP 2: $1.7961 - Low Jan 9
*SUP 3: $1.7771 - Low Jan 4
*SUP 4: $1.7632 - 21-DMA
*COMMENTARY: Topside follow through is lacking which is less than ideal for
bulls who are focused on the daily bull channel top around $1.9449 today. O/B
daily studies and Bollinger band top remain key concerns for bulls. Layers of
support remaining add support to the bullish case. Bears continue to look for a
close below $1.8196 to ease bullish pressure and hint at a correction back to
$1.7588-1.7771.

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