NYMEX RBOB (J19) Accelerating The.........>

OIL TECHS: NYMEX RBOB (J19) Accelerating The Uptrend

*RES 4: $2.0000 - Resistance 

*RES 3: $1.9958 - 61.8% of Oct-Dec Decline

*RES 2: $1.9500 - Inverse head and shoulders target

*RES 1: $1.9137 - 200-dma 

*PRICE: $1.9097 @ 19:28 GMT Mar 20 

*SUP 1: $1.8627 - Key Near Term Support

*SUP 2: $1.8282 - Low March 15 

*SUP 3: $1.7978 - 21-dma 

*SUP 4: $1.7390 - Low Mar 8

RBOB futures have pushed higher, breaching the 200-dma at the $1.9137 level. A

close above here generates a positive signal. The 50-dma is set to break above

the 100-dma, which would add to the bullish picture. Indeed, the upper boundary

of the ascending channel, formed since the beginning of the year has been

breached, accelerating the uptrend. The 61.8% retracement level at $1.9958 is

likely to come into focus. The key level on the downside is at $1.8627.