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NYMEX RBOB (H20): Support Holds For Now...>

OIL TECHS
OIL TECHS: NYMEX RBOB (H20): Support Holds For Now
*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: $1.6213 @ 07:43 GMT Feb 25
*SUP 1: $1.5753 - Low Feb 24
*SUP 2: $1.5564 - Low Feb 13 and key intraday support
*SUP 3: $1.5086 - Low Feb 11
*SUP 4: $1.4674 - Low Feb 6
RBOB stalled at $1.6879 on Thursday and continues to give back some of its
recent gains yesterday. 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.

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