NYMEX RBOB (G20): Bulls Remains In........>

OIL TECHS: NYMEX RBOB (G20): Bulls Remains In Control

*RES 4: $1.8781 - 1.236 projection of Oct 3 - Nov 22 rally from Dec 3 low

*RES 3: $1.8178 - 1.00 projection of Oct 3 - Nov 22 rally from Dec 3 low

*RES 2: $1.8000 - Round number resistance

*RES 1: $1.7656 - High Dec 27

*PRICE: $1.7433 @ 07:49 GMT Dec 30

*SUP 1: $1.7238 - Low Dec 26

*SUP 2: $1.6921 - Low Dec 23 and key near-term support

*SUP 3: $1.6587 - Low Dec 16

*SUP 4: $1.6150 - Low Dec 11

RBOB retains a bullish outlook. Futures have recently traded through key

resistance at $1.6990, Nov 22 high and a former bull trigger. This confirmed a

resumption of the uptrend with price maintaining the bullish sequence of higher

highs and higher lows. Momentum studies are pointing north too, reinforcing

current trending conditions. The May highs have been cleared and attention turns

to 1.8000 and a Fibonacci projection level at $1.8178. Support is at $1.6921.