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

OIL TECHS: NYMEX RBOB: (K18) Bulls Need Close Above $1.9601
*RES 4: $1.9883 - 55-DMA
*RES 3: $1.9601 - Alternating daily support/resistance
*RES 2: $1.9336 - 21-DMA
*RES 1: $1.9180 - Hourly resistance Mar 9
*PRICE: $1.9028 @ 0430GMT
*SUP 1: $1.8795 - Low Mar 8
*SUP 2: $1.8719 - Low Mar 2
*SUP 3: $1.8557 - Bollinger band base
*SUP 4: $1.8484 - Monthly Low Feb 13
*COMMENTARY: Bulls take comfort in support emerging on dips back towards the
$1.8484-1.8719 support region where the Bollinger base is located. bears need a
close below $1.8484 to confirm focus on $1.7749-1.8055 where the 200-DMA
($1.8055) is noted. The 21-DMA continues to cap with bulls needing a close above
$1.9601 to confirm a break and shift initial focus to $1.9883-2.0237 where the
55-DMA is situated.

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