NYMEX RBOB (J19) Bulls Remain In Charge...>

OIL TECHS: NYMEX RBOB (J19) Bulls Remain In Charge

*RES 4: $1.9500 - Inverse head and shoulders target 

*RES 3: $1.9185 - 76.4% retracement of Oct-Dec decline 

*RES 2: $1.9156 - 200-dma

*RES 1: $1.8822 - High March 14

*PRICE: $1.8552 @ 05:57 GMT Mar 18 

*SUP 1: $1.8282 - Low March 15 

*SUP 2: $1.7818 - 21-dma 

*SUP 3: $1.7390 - Low Mar 8 

*SUP 4: $1.7124 - Mar 1 low 

Friday's weakness in RBOB futures failed to extend keeping the focus on the

upside and on Thursday's high at $1.8822. Above here would bring the 200-dma

into play at $1.9156 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 Friday's low at $1.8282 to stabilise

the outlook and open the 21-dma at $1.7818.