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NYMEX RBOB: (J18) Bears Need Close........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (J18) Bears Need Close Below $1.8186
*RES 4: $1.9231 - 21-WMA
*RES 3: $1.9178 - 100-DMA
*RES 2: $1.8973 - Hourly support Feb 12 now resistance
*RES 1: $1.8764 - Hourly resistance Feb 12
*PRICE: $1.8625 @ 0430GMT
*SUP 1: $1.8384 - Low Feb 13
*SUP 2: $1.8186 - High Oct 23 now support
*SUP 3: $1.7729 - Low Oct 20
*SUP 4: $1.7698 - 200-DMA
*COMMENTARY: Bulls take comfort in Monday's bounce remaining capped ahead of the
100-DMA and 21-WMA. Bulls look for a close above the 21-WMA to ease bearish
pressure and above $2.0173 to confirm a break of the 21-DMA ($2.0076) and return
focus to $2.0846-2.0995. Bears now look for a close below $1.8186 to add weight
to the case for a test of the 200-DMA. Very O/S daily studies remain the key
concern for bears.

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