NYMEX RBOB (H20): Strong Gains Likely.....>

OIL TECHS: NYMEX RBOB (H20): Strong Gains Likely To Extend

*RES 4: $1.8114 - High Jan 8

*RES 3: $1.7952 - 50% retracement of the Apr 25 - Feb 4 decline (continuation)

*RES 2: $1.7060 - 200-dma (continuation chart)

*RES 1: $1.6903 - High Jan 14

*PRICE: $1.6705 @ 09:32 GMT Feb 20

*SUP 1: $1.6192 - High Feb 18

*SUP 2: $1.5564 - Low Feb 13

*SUP 3: $1.5086 - Low Feb 11

*SUP 4: $1.4674 - Low Feb 6

RBOB continues to motor higher having broken above the 50% and 61.8%

retracements of the Jan 8 - Feb 4 decline. Momentum studies continue to point to

a move higher and we are approaching a couple of significant levels to the

upside: the Jan 14 high at $1.6903 and the 200-dma on the continuation chart at

$1.7060. Above here is a clear run towards the 50% retracement of the Apr 2019 -

Feb 2020 decline on the continuation chart.