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NYMEX RBOB (G19) Neckline Broken *RES.....>

OIL TECHS
OIL TECHS: NYMEX RBOB (G19) Neckline Broken
*RES 4: $1.9982 - low July 17 (continuation chart)
*RES 3: $1.8945 - 200-dma (continuation chart)
*RES 2: $1.6104 - high Nov 16 (continuation chart)
*RES 1: $1.5177 - High Dec 7 (continuation chart)
*PRICE: $1.4067 @ 05:47 GMT Jan 23
*SUP 1: $1.3676 - 21-dma (continuation chart)
*SUP 2: $1.2450 - Dec 26 low (continuation chart)
*SUP 3: $1.2000 - Bear channel bottom
Neckline resistance that became support at $1.4300 has broken, with a close
below aiding bears. Bulls look to reclaim the level to open up a run at the Dec
7 high at $1.5177. Bears need to push below the 21-dma at $1.3675 to return the
focus to the Dec 26 low at $1.2450.

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