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NYMEX RBOB (H19) Rally Shows No Signs.....>

OIL TECHS
OIL TECHS: NYMEX RBOB (H19) Rally Shows No Signs Of Ending
*RES 4: $1.9260 - Low Sep 6 now resistance (continuation chart) 
*RES 3: $1.8283 - 200-dma (continuation chart) 
*RES 2: $1.6518 - Low Feb 13, 2008 (continuation chart) 
*RES 1: $1.6104 - High Nov 16 (continuation chart) 
*PRICE: $1.6096 @ 05:57 GMT Feb 22
*SUP 1: $1.4577 - 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 continue their advance, taking out the $1.0 level yesterday and
honing in on the Nov 16 high just above current levels. A break above here is
needed to open the Feb 13, 2018 lows at $1.6518 ahead of a return to the
200-dma. Bears look for a downside break of the 21-dma at $1.4577 to neutralise
the near term outlook and bring the Jan 28 low at $1.3230 into view.

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