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OIL TECHS: NYMEX RBOB (H19) Bulls Have The Edge Above $1.40
*RES 4: $1.8509 - 200-dma (continuation chart)
*RES 3: $1.6090 - 100-dma (continuation chart)
*RES 2: $1.6104 - High Nov 16 (continuation chart)
*RES 1: $1.4850 - High Feb 4
*PRICE: $1.4343 @ 05:56 GMT Feb 11
*SUP 1: $1.3230 - Jan 28 low (continuation chart)
*SUP 2: $1.2685 - Jan 2 low (continuation chart)
*SUP 3: $1.2450 - Dec 26 low (continuation chart)
*SUP 4: $0.8975 - Feb 12 2016 (continuation chart)
RBOB futures remain above the $1.40 level which keeps the focus on the upside
with the Feb 4 high at $1.4850 the upside target. Above here would extend the
uptrend towards the Nov 16 high & 100-dma at $1.6104/6090. A downside break of
the 50-dma changes the short-term outlook, bringing the Jan 28 low at $1.3230
into view, ahead of a run at the Jan 2 and Dec 26 lows.