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

OIL TECHS
OIL TECHS: NYMEX RBOB: (K18) Bulls Need Close Above $1.9601
*RES 4: $2.0179 - Daily Bear channel top off 2018 high
*RES 3: $1.9877 - 55-DMA
*RES 2: $1.9601 - Alternating daily support/resistance
*RES 1: $1.9394 - 21-DMA
*PRICE: $1.9364 @ 0430GMT
*SUP 1: $1.9282 - Hourly support Mar 14
*SUP 2: $1.8965 - Low Mar 14
*SUP 3: $1.8719 - Low Mar 2, 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 region where the Bollinger base is located. Bears need a close
below $1.8484 to confirm focus on $1.7749-1.8083 where the 200-DMA 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 $1.9877-2.0237 where the 55-DMA & bear channel
top are situated.

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