NYMEX RBOB: (J18) Topside Failures Take...>

OIL TECHS: NYMEX RBOB: (J18) Topside Failures Take Toll

*RES 4: $1.9940 - Hourly resistance Feb 27

*RES 3: $1.9696 - Alternating daily support/resistance

*RES 2: $1.9486 - High Mar 7

*RES 1: $1.9209 - 21-DMA

*PRICE: $1.8734 @ 0430GMT

*SUP 1: $1.8893 - Hourly resistance Mar 9 now support

*SUP 2: $1.8566 - Low Mar 2

*SUP 3: $1.8384 - Monthly Low Feb 13

*SUP 4: $1.8186 - High Oct 23 now support

*COMMENTARY: J18 failed to gain traction above the 100-DMA ($1.9461) last week

with layers of resistance noted $1.9209-2.0173. Bulls now need a close above the

21-DMA to gain breathing room and above $1.9486 to confirm a break of the

100-DMA hinting at a move back to $2.0846-0995 with above $2.0173 to confirm.

While the 21-DMA caps immediate focus remains on $1.7991-1.8566 where the

200-DMA is noted.