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

OIL TECHS
OIL TECHS: NYMEX RBOB: (J18) Bulls Need Close Above $2.0173
*RES 4: $2.0173 - Low Jan 12 now resistance
*RES 3: $1.9892 - 21-DMA
*RES 2: $1.9758 - 55-DMA
*RES 1: $1.9617 - Low Dec 27 now resistance
*PRICE: $1.9459 @ 0430GMT
*SUP 1: $1.9342 - Low Feb 19
*SUP 2: $1.9081 - Low Feb 16
*SUP 3: $1.8788 - Low Feb 15
*SUP 4: $1.8384 - 2018 Low Feb 13
*COMMENTARY: Bulls take comfort as the contract gains traction above the 100-DMA
($1.9246) with focus now on the $1.9617-2.0173 region. Bulls need a close above
$2.0173 to end bearish hopes and shift focus back to $2.0995. The $1.9081
support remains key. Bears need a close below this level to gain breathing rom
and below $1.8788 to reconfirm focus on $1.8186-1.8384.

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