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NYMEX RBOB: (H18) $1.8314 Support Key.....>

OIL TECHS
OIL TECHS: NYMEX RBOB: (H18) $1.8314 Support Key This Week
*RES 4: $1.9393 - 2018 High Jan 26
*RES 3: $1.9099 - High Feb 1
*RES 2: $1.8920 - Hourly support Feb 1 now resistance
*RES 1: $1.8776 - Hourly resistance Feb 1
*PRICE: $1.8615 @ 0430GMT
*SUP 1: $1.8428 - Low Feb 2
*SUP 2: $1.8314 - High Jan 4 now support
*SUP 3: $1.8051 - 55-DMA
*SUP 4: $1.7956 - Daily Bull channel base
*COMMENTARY: Failure to trouble 2018 highs on last week's dip below the 21-DMA
($1.8745) is a concern for bulls and leaves the contract looking a little heavy.
The $1.8314 support remains key this week. Bears need a close below $1.8314 to
pressure $1.7809-1.8051 where the 55-DMA and daily bull channel base are
situated. Bulls now need a close above $1.8920 to gain breathing room and above
$1.9099 to reconfirm focus on the bull channel top ($2.0065).

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