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NYMEX RBOB (G19) Recovery Intact Above....>

OIL TECHS: NYMEX RBOB (G19) Recovery Intact Above 21-DMA
*RES 4: $1.8001 - 200-dma 
*RES 3: $1.6046 - Nov 16 
*RES 2: $1.5177 - High Dec 7 
*RES 1: $1.4324 - 50-dma 
*PRICE: $1.4066 @ 05:51 GMT Jan 17 
*SUP 1: $1.3505 - 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 remains intact above the 21-dma, with bulls looking
for a break above the 50-dma at $1.4394 to trigger the next leg higher, opening
the Dec 7 high at $1.5177. Bears need to push below the 21-dma at $1.3505 to
return the focus to the Dec 26 low at 1.2450.

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