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NYMEX RBOB (H19) Joining The Party *RES...>

OIL TECHS
OIL TECHS: NYMEX RBOB (H19) Joining The Party
*RES 3: $1.8383 - 200-dma (continuation chart) 
*RES 2: $1.6104 - High Nov 16 (continuation chart) 
*RES 1: $1.5869 - 100-dma (continuation chart) 
*PRICE: $1.5169 @ 01:58 GMT Feb 15 
*SUP 1: $1.3230 - Jan 28 low 
*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 finally broke above their Feb 4 highs yesterday triggering an
inverse head and shoulder reversal pattern. The next upside target comes in at
the 100-dma at $1.58696 ahead of the 100-dma which sits at $1.6104. 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.

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