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

OIL TECHS: NYMEX RBOB: (K18) Bears Need Close Below $1.9629

*RES 4: $2.0426 - High Mar 27

*RES 3: $2.0331 - High Apr 2

*RES 2: $2.0206 - Hourly support Apr 2 now resistance

*RES 1: $1.9982 - Hourly resistance Apr 2

*PRICE: $1.9686 @ 0430GMT

*SUP 1: $1.9629 - Low Apr 2

*SUP 2: $1.9199 - Low Mar 16

*SUP 3: $1.8965 - Low Mar 14

*SUP 4: $1.8719 - Low Mar 13

*COMMENTARY: Bears take comfort in the correction lower following recent topside

hesitation with correcting O/B studies now seeing pressure on the 21-DMA

($1.9661). Bears now need a close below $1.9629 confirm a break and shift

initial focus to $1.9199 and overall focus back to $1.8358-1.8719 where the

200-DMA and Feb lows are noted. Bulls now need a close above $1.9982 to gain

breathing room.