NYMEX RBOB: (K18) Below 21-DMA............>

OIL TECHS: NYMEX RBOB: (K18) Below 21-DMA Initially Targets $1.9199

*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: $1.9978 - Low Mar 22 now resistance

*PRICE: $1.9722 @ 0430GMT

*SUP 1: $1.9650 - 21-DMA

*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. Bears

now need a close below the 21-DMA to shift initial focus to $1.9199 and overall

focus back to $1.8337-1.8719 where the 200-DMA and Feb lows are noted. Bulls now

need a close above $1.9978 to gain breathing room.