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NYMEX RBOB: (G18) Focus Returns To........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (G18) Focus Returns To $1.7725-1.8102
*RES 4: $1.8000 - Bollinger band top
*RES 3: $1.7829 - High Dec 1
*RES 2: $1.7725 - High Dec 12
*RES 1: $1.7484 - High Dec 20
*PRICE: $1.7440 @ 0430GMT
*SUP 1: $1.7300 - High Dec 13 now support
*SUP 2: $1.7285 - 21-DMA
*SUP 3: $1.7000 - 55-DMA
*SUP 4: $1.6801 - Daily Bull channel base
*COMMENTARY: The daily bull channel base confirmed significance with the bounce
seeing a close above the 21-DMA and $1.7300 that returns initial focus to
$1.7725-1.8102. The 21-DMA now becomes key support. Bears need a close below the
21-DMA to ease bullish pressure and below $1.6619 to confirm a break of the bull
channel base and initially pressures $1.5903-1.6196 were the 100-DMA is noted.
Daily studies are well placed for gains.

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