NYMEX RBOB (H19) 100-DMA Under Pressure...>

OIL TECHS: NYMEX RBOB (H19) 100-DMA Under Pressure

*RES 4: $1.9260 - Low Sep 6 now resistance (continuation chart)

*RES 3: $1.8360 - 200-dma (continuation chart) 

*RES 2: $1.6104 - High Nov 16 (continuation chart) 

*RES 1: $1.5826 - 100-dma (continuation chart) 

*PRICE: $1.5744 @ 05:45 GMT Feb 18 

*SUP 1: $1.4305 - 21-dma 

*SUP 2: $1.3230 - Jan 28 low 

*SUP 3: $1.2685 - Jan 2 low (continuation chart) 

*SUP 4: $1.2450 - Dec 26 low (continuation chart) 

RBOB futures are testing their 100-dma at $1.5826 with a break above here

opening the Nov 16 high at $1.6104. Above here would further strengthen the

outlook opening the 200-dma which currently sits at $1.8360. Bears look for a

downside break of the 21-dma at $1.4305 to neutralise the near term outlook and

bring the Jan 28 low at $1.3230 into view.