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NYMEX RBOB: (K18) Bears Need Close........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (K18) Bears Need Close Below 55-DMA
*RES 4: $2.1705 - 2017 High Aug 31
*RES 3: $2.1012 - 2018 High Jan 26
*RES 2: $2.0889 - Monthly High Feb 2
*RES 1: $2.0545 - High Mar 26
*PRICE: $2.0223 @ 0430GMT
*SUP 1: $2.0136 - Hourly support Mar 23
*SUP 2: $1.9978 - Low Mar 22
*SUP 3: $1.9880 - 55-DMA
*SUP 4: $1.9650 - High Mar 16 now support
*COMMENTARY: The aggressive break of the 55-DMA and bear channel top off 2018
highs is hesitating around the Bollinger top ($2.0474) which is less than ideal.
In saying that, bulls now focus on $2.0889-2.1012 with a close above needed to
target 2017 highs. Bears still need a close below the 55-DMA to ease bullish
pressure and hint at a move back to $1.8484-1.8719.

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