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NYMEX RBOB (G20): Firmer Again *RES 4:....>

OIL TECHS
OIL TECHS: NYMEX RBOB (G20): Firmer Again
*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: $1.7700 - Intraday high
*PRICE: $1.7584 @ 07:56 GMT Jan 3
*SUP 1: $1.7040 - Intraday low
*SUP 2: $1.6888 - Low Dec 30
*SUP 3: $1.6611 - Low Dec 16
*SUP 4: $1.6150 - Low Dec 11
RBOB has rallied sharply today and traded above the recent high of $1.7656, Dec
27 high. This confirms a resumption of the uptrend that has been in place since
the early Oct lows and maintains the bullish price sequence of higher highs and
higher lows. The focus is on $1.8000 and $1.8178, a Fibonacci projection level.
Key support has been defined at $1.6888, Dec 31 low.

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