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NYMEX RBOB: (G18) Bulls Retain Control....>

OIL TECHS
OIL TECHS: NYMEX RBOB: (G18) Bulls Retain Control
*RES 4: $1.9148 - Low Auf 31 now resistance
*RES 3: $1.8402- High Nov 8 (cont)
*RES 2: $1.8375 - Bollinger band top
*RES 1: $1.8153 - 2017 High Dec 12
*PRICE: $1.8029 @ 0430GMT
*SUP 1: $1.7771 - Low Jan 4
*SUP 2: $1.7588 - Low Jan 3
*SUP 3: $1.7437 - 21-DMA
*SUP 4: $1.7344 - 55-DMA
*COMMENTARY: Despite looking heavy Wednesday bulls take comfort in the
aggressive bounces and bullish closes that see focus back on $1.8153. Bulls need
a close above this level to confirm focus on tests of continuation contract
highs for Nov at $1.8402. Bears still look for a close below $1.7588 to shift
focus to $1.7032-1.7437 where key DMAs and the bull channel base are found.

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