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

OIL TECHS: NYMEX RBOB: (J18) Bulls Need Close Above 21-WMA

*RES 4: $1.9558 - High Feb 8

*RES 3: $1.9237 - 21-WMA

*RES 2: $1.9169 - 100-DMA

*RES 1: $1.8973 - Hourly support Feb 12 now resistance

*PRICE: $1.8756 @ 0430GMT

*SUP 1: $1.8523 - Low Feb 9

*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 now look for a close above the 21-WMA to ease bearish

pressure and above $2.0173 to confirm a break of the 21-DMA ($2.0162) and return

focus to $2.0846-2.0995. Bears currently look for a close below $1.8523 to add

weight to the case for a test of the 200-DMA. Very O/S daily studies remain the

key concern for bears.