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NYMEX RBOB (G19) Unable To Extend Gains...>

OIL TECHS
OIL TECHS: NYMEX RBOB (G19) Unable To Extend Gains
*RES 3: $1.8071 - 200-dma 
*RES 2: $1.5177 - High Dec 7 
*RES 1: $1.3981 - High Jan 4 
*PRICE: $1.3412 @ 05:56 GMT Jan 8 
*SUP 1: $1.2450 - Dec 26 low 
*SUP 2: $1.2000 - Bear channel bottom 
*SUP 3: $1.0915 - Low Jan 19, 2016 
RBOB futures failed to break above its Jan 4 highs yesterday despite a strong
effort, which keeps the near term outlook neutral. Bulls need to clear the
1.3981 level to build on recent momentum, opening the Dec 7 high at 1.5177.
Below 1.3000 returns downside focus, bringing the Dec 26 low at 1.2450 into
view.

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