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

OIL TECHS: NYMEX RBOB: (K18) Bulls Need Close Above $1.9982

*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: $1.9751 @ 0430GMT

*SUP 1: $1.9632 - Low Apr 5

*SUP 2: $1.9363 - Low Apr 3

*SUP 3: $1.9199 - Low Mar 16

*SUP 4: $1.8965 - Low Mar 14

*COMMENTARY: The aggressive sell-off and break of DMAs lacked follow through

Wednesday with pressure returning to $1.9982. Bulls continue to look for a close

above $1.9982 to gain breathing room and above $2.0545 to shift focus back to

$2.0889-1012. Bears now need a close below $1.9632 to ease pressure on

resistance layers and below $1.9363 to confirm focus on $1.8381-1.8719.