NYMEX RBOB (H19) Bulls Back In Charge.....>

OIL TECHS: NYMEX RBOB (H19) Bulls Back In Charge

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

*RES 3: $1.8192 - 200-dma (continuation chart) 

*RES 2: $1.6518 - Low Feb 13, 2018 (continuation chart) 

*RES 1: $1.6263 - High Feb 22 

*PRICE: $1.5995 @ 05:13 GMT Feb 27 

*SUP 1: $1.4873 - 21-dma, neckline 

*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 back on the front foot with bulls looking to recover the $1.60

level to open Friday's high at $1.6263. A break above here is needed to open the

Feb 13, 2018 lows at $1.6518 ahead of a return to the 200-dma which crosses at

$1.8192. To regain the upper hand bears need to break back below the neckline of

the inverse head and shoulders and the 21-dma which come in around $1.4873.

Below here would shift bring the Jan 28 low at $1.3230 into view.