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NYMEX RBOB (H20): Bullish Signals.........>

OIL TECHS: NYMEX RBOB (H20): Bullish Signals Improve
*RES 4: $1.6903 - High Jan 14 and a key resistance
*RES 3: $1.6534 - High Jan 22
*RES 2: $1.5860 - High Jan 24
*RES 1: $1.5534 - High Feb 10 and intraday bull trigger
*PRICE: $1.5456 @ 07:01 GMT Feb 12
*SUP 1: $1.4674 - Low Feb 6
*SUP 2: $1.4345 - Low Feb 4 and key support
*SUP 3: $1.4311 - Low Sep 3
*SUP 4: $1.4207/08 - Low Jun 5 / Low Aug 7 and major support
RBOB bounced last week off the Jan 4 low of $1.4345 and Monday, traded above
resistance at $1.5461, the Jan 29 high. Whether this move higher develops into a
stronger reversal will depend on an ability to extend the recent recovery. A
break of Monday's $1.5534 high would be an encouraging sign for short-term
bulls. This would open $1.5860 next, the Jan 24 high. On the downside, initial
support is at $1.4674 ahead of the key level at $1.4345.

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