NYMEX RBOB (H19) Lacking Direction .......>

OIL TECHS: NYMEX RBOB (H19) Lacking Direction 

*RES 4: $1.8541 - 200-dma (continuation chart) 

*RES 3: $1.6203 - 100-dma (continuation chart) 

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

*RES 1: $1.5177 - High Dec 7 (continuation chart) 

*PRICE: $1.4129 @ 06:05 GMT Feb 8 

*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 continue to hover around the $1.40 level with no sign of a break

out of the recent range. Bulls look to target the Dec 7 high at $1.5177 to

extend the uptrend towards the Nov 16 high & 100-dma at $1.6104/6203. 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.