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

OIL TECHS
OIL TECHS: NYMEX RBOB: (J18) Bears Need Close Below $1.9081
*RES 4: $1.9792 - 21-DMA
*RES 3: $1.9744 - 55-DMA
*RES 2: $1.9655 - High Feb 20
*RES 1: $1.9535 - Hourly resistance Feb 20
*PRICE: $1.9346 @ 0430GMT
*SUP 1: $1.9081 - Low Feb 16
*SUP 2: $1.8788 - Low Feb 15
*SUP 3: $1.8384 - 2018 Low Feb 13
*SUP 4: $1.8186 - High Oct 23 now support
*COMMENTARY: The aggressive rejection ahead of the 55-DMA leaves the contract
looking heavy as it flirts with the 100-DMA ($1.9262). The $1.9081 support
remains key. Bears need a close below to gain breathing room and below $1.8788
to reconfirm focus on $1.8186-1.8384 where 2018 lows are noted. Bulls need a
close above $2.0173 to end bearish hopes and shift focus back to $2.0995.

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