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

OIL TECHS: NYMEX RBOB: (J18) Bears Need Close Below $1.9081
*RES 4: $2.0995 - Monthly High Jan 29
*RES 3: $2.0562 - Low Feb 1 now resistance
*RES 2: $2.0173 - Low Jan 12 now resistance
*RES 1: $1.9759 - 55-DMA
*PRICE: $1.9626 @ 0430GMT
*SUP 1: $1.9480 - Hourly resistance Feb 22 now support
*SUP 2: $1.9287 - 100-DMA
*SUP 3: $1.9081 - Low Feb 16
*SUP 4: $1.8788 - Low Feb 15
*COMMENTARY: Pressure returning to the 55-DMA adds to bullish confidence with
bulls needing a close above the 55-DMA to shift initial focus to $2.0173 and
hint at a move back to $2.0995. While the 55-DMA caps bears hold an advantage
and look for a close below $1.9081 to gain breathing room and below $1.8788 to
reconfirm focus on $1.8186-1.8384 where 2018 lows are noted.

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