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NYMEX RBOB (J19) Bulls Regain Composure...>

OIL TECHS
OIL TECHS: NYMEX RBOB (J19) Bulls Regain Composure
*RES 4: $1.9227 - 200-dma 
*RES 3: $1.9000 - Triangle breakout target 
*RES 2: $1.8249 - High Nov 16 
*RES 1: $1.8160 - High Mar 7 
*PRICE: $1.7883 @ 05:44 GMT Mar 11 
*SUP 1: $1.7393/08 - Low Mar 8/21-dma
*SUP 2: $1.7124 - Mar 1 low
*SUP 3: $1.6972 - Feb 26 low 
*SUP 4: $1.6562 - High Feb 4 
RBOB futures are closing in on their March 7 highs as bulls regain composure
after Friday's intraday weakness. Above here would open the Nov 16 high at
$1.8249 ahead of the triangle breakout target and the 200-dma. Bears now need to
push back below Friday's low and the 21-dma at $1.7393/08. Below here would
shift the outlook negative and open the March 1 low at $1.7127.

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