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NYMEX RBOB (H19) Cleanly Above Its........>

OIL TECHS
OIL TECHS: NYMEX RBOB (H19) Cleanly Above Its 100-DMA 
*RES 4: $1.9260 - Low Sep 6 now resistance (continuation chart) 
*RES 3: $1.8307 - 200-dma (continuation chart) 
*RES 2: $1.6518 - Low Feb 13, 2008 (continuation chart) 
*RES 1: $1.6104 - High Nov 16 (continuation chart) 
*PRICE: $1.6022 @ 05:47 GMT Feb 21 
*SUP 1: $1.4464 - 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 have broken cleanly above resistance at the 100-dma at $1.5775
which now brings the Nov 16 high within touching distance at $1.6104. A break
above here is needed to open the Feb 13 lows at $1.6518 ahead of a return to the
200-dma. Bears look for a downside break of the 21-dma at $1.4464 to neutralise
the near term outlook and bring the Jan 28 low at $1.3230 into view.

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