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

OIL TECHS: NYMEX RBOB (J19) Accelerating Trend

*RES 4: $2.0000 - June/July Lows/61.8% retracement 

*RES 3: $1.9500 - Inverse head and shoulders target 

*RES 2: $1.9185 - 76.4% retracement of Oct-Dec decline 

*RES 1: $1.9132 - Oct 23 high 

*PRICE: $1.8481 @ 07:18 GMT Mar 15

*SUP 1: $1.7934 - 200-dma

*SUP 2: $1.7390 - Low Mar 8

*SUP 3: $1.7124 - Mar 1 low 

*SUP 4: $1.6972 - Feb 26 low 

RBOB futures extend their rally and puts focus on the Oct 23 high at 1.9132,

ahead of the 76.4% retracement of Oct-Dec decline at $1.9185. A break here would

cement the uptrend opening the Inverse H & S target at 1.9500. Bears need to

push back below the 200-dma at $1.7934 to stabilise the outlook and open the

March 8 low at $1.7390. Below here brings the March 1 low back into view at

$1.7127.