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NYMEX RBOB (J19) Off The Highs *RES 4:....>

OIL TECHS
OIL TECHS: NYMEX RBOB (J19) Off The Highs
*RES 4: $2.0175 - Low Aug 16 
*RES 3: $1.9958 - 61.8% of Oct-Dec Decline 
*RES 2: $1.9807 - High March 27 
*RES 1: $1.9074 - 200-dma
*PRICE: $1.8875 @ 06:51 GMT Mar 28 
*SUP 1: $1.8288 - Low Mar 28
*SUP 2: $1.8218 - Low March 15 
*SUP 3: $1.7403 - 50-dma 
*SUP 4: $1.7390 - Low Mar 8 
The sharp reversal off Tuesday's high touched pullback lows of $1.8288 Thursday.
Bears focus returns to the Mar 15 low at $1.8218, ahead of the Mar 50-dma & Mar
8 low $1.7403/7390. Bulls need to recover the 200-dma at $1.9074 to re-ignite
the uptrend, opening a run at the Mar 27 high & 61.8% retracement level at
$1.9807/9958. 
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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