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NYMEX RBOB (H20): Key Resistance At.......>

OIL TECHS
OIL TECHS: NYMEX RBOB (H20): Key Resistance At $1.5461
*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: $1.5461 - High Jan 29 and key near-term resistance
*PRICE: $1.5112 @ 07:15 GMT Feb 6
*SUP 1: $1.4345 - Low Feb 4 and key support
*SUP 2: $1.4311 - Low Sep 3
*SUP 3: $1.4207/08 - Low Jun 5 / Low Aug 7 and major support
*SUP 4: $1.4000 - Round number support
RBOB remains bearish. Futures confirmed on Tuesday a resumption of the downtrend
following the break of former support at $1.4449, the Jan 27 low. Sharp losses
in January are also seen weighing on sentiment with bearish technical readings
still in place. The clear break of $1.4449 opens $1.4311 next, Sep 3 low ahead
of 1.4207/08 key support. Firm resistance is seen at $1.5461, Jan 29 high where
a break is required to threaten the downtrend.

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