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NYMEX RBOB (J19) Rally Extends *RES 4:....>

OIL TECHS
OIL TECHS: NYMEX RBOB (J19) Rally Extends
*RES 4: $2.0000 - June/July Lows/61.8% retracement 
*RES 3: $1.9500 - Inverse head and shoulders target 
*RES 2: $1.9185 - 200-dma 
*RES 1: $1.8886 - 50% retracement of Oct-Dec decline 
*PRICE: $1.8735 @ 04:46 GMT Mar 14 
*SUP 1: $1.7650 - 21-dma
*SUP 2: $1.7393 - Low Mar 8
*SUP 3: $1.7124 - Mar 1 low 
*SUP 4: $1.6972 - Feb 26 low 
RBOB futures extended their rally yesterday to put the focus on the 50%
retracement of Oct-Dec decline at $1.8886. Above here would bring the 200-dma
into play at $1.9185. Bears need to push back below the 21-dma at $1.7650 to
stabilise the outlook and open the March 8 low at $1.7393. Below here would open
the March 1 low at $1.7127.

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