NYMEX RBOB (G20): Bearish Pressure........>

OIL TECHS: NYMEX RBOB (G20): Bearish Pressure Still Dominating

*RES 4: $1.6711 - High Jan 21

*RES 3: $163.92 - High Jan 22

*RES 2: $1.5739 - High Jan 24

*RES 1: $1.5052 - Intraday high

*PRICE: $1.4836 @ 07:45 GMT Jan 27

*SUP 1: $1.4724 - Intraday low

*SUP 2: $1.4434 - Low Oct 3 and key support

*SUP 3: $1.4383 - Low Sep 4

*SUP 4: $1.4148 - Low Sep 3

RBOB remains bearish following the sharp sell-off on Jan 8. Furthermore, sharp

losses last week confirmed a resumption of the downtrend following the break on

Jan 21 of former support at $1.6262, the Jan 15 low. With sharp losses already

seen today, attention turns to the next key support at $1.4434, the Oct 3 low. A

break of this support would open $1.4148, the Sep 3 low. On the upside, initial

resistance is at $1.5052, today's intraday high so far.