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NYMEX RBOB: (H18) Bulls Need Close........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (H18) Bulls Need Close Above 100-DMA
*RES 4: $1.8003 - Low Feb 6 now resistance
*RES 3: $1.7764 - Hourly resistance Feb 7
*RES 2: $1.7460 - 100-DMA
*RES 1: $1.7199 - Hourly resistance Feb 9
*PRICE: $1.7140 @ 0430GMT
*SUP 1: $1.6880 - Hourly support Feb 9
*SUP 2: $1.6704 - 2018 Low Feb 9
*SUP 3: $1.6281 - Low Oct 24
*SUP 4: $1.6074 - Low Oct 20
*COMMENTARY: Bears remain in control with the sell-off now seeing focus on
$1.5959-1.6281 where the 200-DMA ($1.5959) is situated. Very O/S daily studies
remain a key concern for bears. In saying that, bulls still need a close above
the 100-DMA to ease bearish pressure and above the 55-DMA ($1.8042) to hint at a
move back to $1.9099-1.9393.

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