NYMEX RBOB (H20): Under Pressure *RES.....>

OIL TECHS: NYMEX RBOB (H20): Under Pressure

*RES 4: $1.7000 - Round number resistance

*RES 3: $1.6903 - High Jan 14

*RES 2: $1.6879 - High Feb 20 and bull trigger

*RES 1: $1.6249 - High Feb 25

*PRICE: $1.5055 @ 07:35 GMT Feb 26

*SUP 1: $1.4943 - 76.4% retracement of the Feb 4 - Feb 20 rally

*SUP 2: $1.4674 - Low Feb 6

*SUP 3: $1.4345 - Low Feb 4 and primary support

*SUP 4: $1.4000 - Round number support

RBOB stalled at $1.6879 on Feb 20 and continues to give back recent gains. For

now, the pullback is being viewed as a correction however, the risk for a deeper

pullback that may result in a retest of the key support at $1.4345, the Feb 4

low has increased. The next important support lies at $1.4943, a Fibonacci

retracement. A break would strengthen the bearish threat. On the upside, a move

above yesterday's high of $1.6249 would provide some bearish relief.