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NYMEX RBOB (G19) Basing *RES 4:..........>

OIL TECHS
OIL TECHS: NYMEX RBOB (G19) Basing 
*RES 4: $1.8001 - 200-dma 
*RES 3: $1.6046 - Nov 16 
*RES 2: $1.5177 - High Dec 7 
*RES 1: $1.4392 - 50-dma 
*PRICE: $1.4115 @ 05:59 GMT Jan 16 
*SUP 1: $1.3506 - 21-dma 
*SUP 2: $1.2450 - Dec 26 low 
*SUP 3: $1.2000 - Bear channel bottom 
*SUP 4: $1.0915 - Low Jan 19, 2016 
RBOB futures have lagged the recovery across the oil sector but appears to be
basing after holding above its 21-dma yesterday. Focus now shifts the 50-dma at
$1.4392, above which would trigger a bullish trend change, opening the Dec 7
high at $1.5177 initially. Bears need to push below the 21-dma at $1.3509 to
return the focus to the Dec 26 low at 1.2450.

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