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NYMEX RBOB: (H18) $1.8834 Support Key.....>

OIL TECHS
OIL TECHS: NYMEX RBOB: (H18) $1.8834 Support Key This Week
*RES 4: $2.1705 - 2017 High Aug 31
*RES 3: $1.9907 - Daily Bull channel top
*RES 2: $1.9423 - Bollinger band top
*RES 1: $1.9393 - 2018 High Jan 26
*PRICE: $1.9316 @ 0430GMT
*SUP 1: $1.9229 - Hourly support Jan 26
*SUP 2: $1.8950 - Low Jan 26
*SUP 3: $1.8834 - Low Jan 23
*SUP 4: $1.8541 - Low Jan 19
*COMMENTARY: Bulls remain firmly in control with fresh 2018 & 5mth highs
initially targeting the daily bull channel top and then 2017 highs. Support
layers continue to build with bears needing a close below $1.8834 to ease
bullish pressure and below $1.8314 to confirm a break of the 21-DMA and pressure
$1.7797-1.7995 where the 55-DMA and channel base are noted.

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