NYMEX RBOB: (H18) Bears Targeting.........>

OIL TECHS: NYMEX RBOB: (H18) Bears Targeting 55-DMA & Channel Base

*RES 4: $1.9088 - Hourly resistance Jan 30

*RES 3: $1.8920 - Hourly support Jan 30 now resistance

*RES 2: $1.8834 - Low Jan 23 now resistance

*RES 1: $1.8633 - 21-DMA

*PRICE: $1.8555 @ 0430GMT

*SUP 1: $1.8388 - Low Jan 15

*SUP 2: $1.8314 - High Jan 4 now support

*SUP 3: $1.7997 - 55-DMA

*SUP 4: $1.7861 - Daily Bull channel base

*COMMENTARY: Topside hesitation to start the new week has been followed up with

losses that now see the contract trading below the 21-DMA having broken $1.8834

and bears now focused on $1.7809-1.7997 where the bull channel base and 55-DMA

are noted. Bears need a close below $1.8314 to add weight to their case. Bulls

now need a close above $1.8920 to gain breathing room and initially focus on 208

highs ($1.9393).