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NYMEX RBOB (G19) Dec Lows Back In Focus...>

OIL TECHS
OIL TECHS: NYMEX RBOB (G19) Dec Lows Back In Focus
*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 (continuation chart) 
*RES 1: $1.3779 - 21-dma (continuation chart) 
*PRICE: $1.3316 @ 05:48 GMT Jan 28 
*SUP 1: $1.2685 - Jan 2 low (continuation chart) 
*SUP 2: $1.2450 - Dec 26 low (continuation chart) 
*SUP 3: $0.8975 - Feb 12 2016 
RBOB futures continue to underperform the oil complex with the 21-dma giving way
yesterday to shift the outlook bearish and open the Jan 2 and Dec 26 lows. Bulls
need to quickly recover the 21-dma to return the outlook neutral and allow a run
at the Jan 18 highs, but momentum is turning increasingly in the bears' favour. 

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