NYMEX RBOB (G20): Uptrend Intact *RES.....>

OIL TECHS: NYMEX RBOB (G20): Uptrend Intact

*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: $1.7943 - Intraday high

*PRICE: $1.7785 @ 07:54 GMT Jan 6

*SUP 1: $1.7556 - Intraday low

*SUP 2: $1.6888 - Low Dec 31 and key near-term support

*SUP 3: $1.6611 - Low Dec 16

*SUP 4: $1.6150 - Low Dec 11

RBOB is pushing higher again today. Friday saw futures trade 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.