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NYMEX RBOB (J19) 200-DMA In Focus *RES....>

OIL TECHS
OIL TECHS: NYMEX RBOB (J19) 200-DMA In Focus
*RES 4: $2.0000 - Resistance 
*RES 3: $1.9500 - Inverse head and shoulders target 
*RES 2: $1.9185 - 76.4% retracement of Oct-Dec decline 
*RES 1: $1.9136 - 200-dma 
*PRICE: $1.8892 @ 05:21 GMT Mar 20 
*SUP 1: $1.8282 - Low March 15 
*SUP 2: $1.7978 - 21-dma 
*SUP 3: $1.7390 - Low Mar 8 
*SUP 4: $1.7124 - Mar 1 low 
RBOB futures continue to close in on the 200-dma at $1.9136 as the next upside
target. A break above here opens the 76.4% retracement of Oct-Dec decline at
$1.9185 ahead of the inverse H & S target at $1.9500. Bears need to push back
below Friday's low at $1.8282 to stabilise the outlook and open the 21-dma at
$1.7978.

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