NYMEX RBOB (J19) Developing Trend *RES....>

OIL TECHS: NYMEX RBOB (J19) Developing Trend

*RES 4: $2.0175 - Low Aug 16

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

*RES 2: $1.9807 - High March 26

*RES 1: $1.9086 - 200-dma

*PRICE: $1.8809 @ 06:31 GMT Mar 28

*SUP 1: $1.8481 - 21-dma

*SUP 2: $1.8218 - Low March 15

*SUP 3: $1.7390 - Low Mar 8

Technical studies are generating outright bullish signals as RBOB futures

continue their advance toward the $2.0 level, although the pullback below the

200-dma may provide the first signs of concern. Bulls look to reclaim the level,

which would allow them to focus on Tuesday's high at $1.9807, above which would

bring the 61.8% retracement at $1.9958 into play ahead of the Aug 16 low at

$2.0175. Bears now look to the 21-dma at $1.8481.