NYMEX RBOB (H20): Rally Finds.............>

OIL TECHS: NYMEX RBOB (H20): Rally Finds Resistance

*RES 4: $1.7952 - 50% retracement of the Apr 25 - Feb 4 decline (continuation)

*RES 3: $1.7060 - 200-dma (continuation chart)

*RES 2: $1.6903 - High Jan 14

*RES 1: $1.6879 - High Feb 20 and bull trigger

*PRICE: $1.5992 @ 08:04 GMT Feb 24

*SUP 1: $1.5725 - Low Feb 18

*SUP 2: $1.5564 - Low Feb 13

*SUP 3: $1.5086 - Low Feb 11

*SUP 4: $1.4674 - Low Feb 6

After significant moves higher last week, RBOB stalled at $1.6879 on Thursday

and continues to give back some of its recent gains. For now, the pullback is

being viewed as a correction with underlying bullish conditions still intact.

The next firm support lies at $1.5564, Feb 13 low. An ability to hold above this

level would resume attention on gains and the bull trigger at $1.6870. A break

lower though would allow for a deeper pullback exposing $1.5086.