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NYMEX RBOB (G19) Neckline Now Support.....>

OIL TECHS
OIL TECHS: NYMEX RBOB (G19) Neckline Now Support
*RES 4: $1.8247 - low July 16, now resistance 
*RES 3: $1.7925 - 200-dma 
*RES 2: $1.6046 - Nov 16 
*RES 1: $1.5177 - High Dec 7 
*PRICE: $1.4300 @ 05:54 GMT Jan 22 
*SUP 1: $1.3600 - 21-dma 
*SUP 2: $1.2450 - Dec 26 low 
*SUP 3: $1.2000 - Bear channel bottom 
*SUP 4: $1.0915 - Low Jan 19, 2016 
The recovery in RBOB futures has lost steam as neckline resistance becomes
support at $1.4300. A hold above here would create a strong base ahead of a run
at the Dec 7 high at $1.5177. Bears need to push below the 21-dma at $1.3600 to
return the focus to the Dec 26 low at 1.2450.

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