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NYMEX RBOB: (H18) Bulls Regain............>

OIL TECHS
OIL TECHS: NYMEX RBOB: (H18) Bulls Regain Confidence
*RES 4: $2.0002 - Daily Bull channel top
*RES 3: $1.9393 - 2018 High Jan 26
*RES 2: $1.9243 - Hourly resistance Jan 29
*RES 1: $1.9088 - Hourly resistance Jan 30
*PRICE: $1.8974 @ 0430GMT
*SUP 1: $1.8920 - Hourly support Feb 1
*SUP 2: $1.8771 - Hourly support Jan 31
*SUP 3: $1.8608 - Hourly resistance Jan 31 now support
*SUP 4: $1.8489 - Low Jan 31
*COMMENTARY: Bears failed to capitalise on the dips below the 21-DMA ($1.8704)
with the aggressive recovery Wednesday easing bearish pressure and return focus
to 2018 highs. Bulls now look for a close above $1.9088 to add support to their
case. Bears now need a close below $1.8771 to ease renewed bullish pressure and
below $1.8314 to pressure $1.7809-1.8021.

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