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

OIL TECHS
OIL TECHS: NYMEX RBOB (J19) Rally Extends
*RES 4: $2.0000 - Resistance
*RES 3: $1.9500 - Inverse head and shoulders target 
*RES 2: $1.9185 - 76.4% retracement of Oct-Dec decline 
*RES 1: $1.9145 - 200-dma 
*PRICE: $1.8857 @ 04:35 GMT Mar 19 
*SUP 1: $1.8282 - Low March 15 
*SUP 2: $1.7901 - 21-dma 
*SUP 3: $1.7390 - Low Mar 8 
*SUP 4: $1.7124 - Mar 1 low 
RBOB futures posted fresh highs yesterday and remain on the front foot today
with the 200-dma the next upside target at $1.9145. Above here opens the 76.4%
retracement of Oct-Dec decline at $1.9185 ahead of 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 $1.7901.

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