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NYMEX RBOB: (J18) Below 21-DMA Hints At...>

OIL TECHS: NYMEX RBOB: (J18) Below 21-DMA Hints At $1.9081 Test
*RES 4: $2.0846 - Monthly High Feb 2
*RES 3: $2.0562 - Low Feb 1 now resistance
*RES 2: $2.0173 - Low Jan 12 now resistance
*RES 1: $1.9940 - Hourly resistance Feb 27
*PRICE: $1.9720 @ 0430GMT
*SUP 1: $1.9623 - 21-DMA
*SUP 2: $1.9464 - Low Feb 23
*SUP 3: $1.9243 - Hourly support Feb 21
*SUP 4: $1.9081 - Low Feb 16
*COMMENTARY: Time spent above the 55-DMA ($1.9809) has been brief with pressure
returning to the 21-DMA. Bears now need a close below the 21-DMA to confirm an
easing of bullish pressure and target a correction back to $1.9081. Below
$1.9081 remains needed to see bears focus on $1.8186-1.8384. Bulls continue to
look for a close above $2.0173 to confirm focus on $2.0846-2.0995.

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