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NYMEX RBOB: (H18) Immediate Bullish.......>

OIL TECHS
OIL TECHS: NYMEX RBOB: (H18) Immediate Bullish Focus On Channel Top
*RES 4: $2.1705 - 2017 High Aug 31
*RES 3: $1.9875 - Daily Bull channel top
*RES 2: $1.9274 - Bollinger band top
*RES 1: $1.9260 - 2018 High Jan 25
*PRICE: $1.9017 @ 0430GMT
*SUP 1: $1.8950 - Hourly support Jan 26
*SUP 2: $1.8834 - Low Jan 23
*SUP 3: $1.8541 - Low Jan 19
*SUP 4: $1.8522 - 21-DMA
*COMMENTARY: Bulls remain firmly in control with fresh 5mth highs reconfirming
the bullish bias and 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 $1.7766-1.7995 where the 55-DMA and channel base are noted.

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