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NYMEX RBOB: (G18) Looking A Little........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (G18) Looking A Little Heavy
*RES 4: $1.8169 - Bollinger band top
*RES 3: $1.8153 - 2017 High Dec 12
*RES 2: $1.8044 - High Dec 29
*RES 1: $1.7803 - Hourly support Jan 2 now resistance
*PRICE: $1.7622 @ 0430GMT
*SUP 1: $1.7525 - Low Dec 24
*SUP 2: $1.7342 - 21-DMA
*SUP 3: $1.7266 - 55-DMA
*SUP 4: $1.7019 - Daily Bull channel base
*COMMENTARY: The lack of topside follow through on the spike to $1.8153 is a
concern for bulls and leaves the contract looking a little heavy with focus back
on $1.7019-1.7525 where the bull channel base and key DMAs are noted. Bears now
need a close below the channel base to end bullish hopes and below the 100-DMA
($1.6401) to target the 200-DMA ($1.5298). Bulls need a close above $1.7803 to
gain breathing room.

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