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NYMEX RBOB (G19) Continues To Lag *RES....>

OIL TECHS
OIL TECHS: NYMEX RBOB (G19) Continues To Lag
*RES 4: $1.6104 - high Nov 16 (continuation chart) 
*RES 3: $1.5177 - High Dec 7 (continuation chart) 
*RES 2: $1.4677 - High Jan 18 
*RES 1: $1.3802 - 21-dma (continuation chart) 
*PRICE: $1.3562 @ 05:55 GMT Jan 30 
*SUP 1: $1.3230 - Jan 28 low 
*SUP 2: $1.2685 - Jan 2 low 
*SUP 3: $1.2450 - Dec 26 low (continuation chart) 
*SUP 4: $0.8975 - Feb 12 2016 
RBOB futures continue to underperform the oil complex with the slight recovery
off of Monday's lows failing to recover the 21-dma. Bulls need to overcome this
level which comes in at $1.3802 to improve the outlook and open the Jan 18 high
at $1.4677. Above here would shift the outlook bullish. Bears look to take out
Monday's low at $1.3230 to build on recent downward momentum and target the Jan
2 and Dec 26 lows. 

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