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

OIL TECHS
OIL TECHS: NYMEX RBOB: (J18) Bulls Need Close Above 100-DMA
*RES 4: $2.0173 - Low Jan 12 now resistance
*RES 3: $1.9940 - Hourly resistance Feb 27
*RES 2: $1.9696 - Alternating daily support/resistance
*RES 1: $1.9427 - 100-DMA
*PRICE: $1.9293 @ 0430GMT
*SUP 1: $1.9157 - Low Mar 6
*SUP 2: $1.8831 - Hourly support Mar 2
*SUP 3: $1.8566 - Low Mar 2
*SUP 4: $1.8384 - Monthly Low Feb 13
*COMMENTARY: Bulls take comfort in the lack of follow through on dips back
towards 2018 lows with the recovery seeing the contract flirting with the
100-DMA. Bulls look for a close above the 100-DMA to ease bearish pressure and
above $2.0173 to shift focus back to $2.0846-0995. Initial support is now noted
at $1.9157 with bears needing a close below to ease pressure on the 100-DMA.

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