NYMEX RBOB: (K18) Hesitating Around.......>

OIL TECHS: NYMEX RBOB: (K18) Hesitating Around 55-DMA

*RES 4: $2.0237 - High Feb 26

*RES 3: $2.0148 - Bollinger band top

*RES 2: $2.0078 - Daily Bear channel top off Jan high

*RES 1: $1.9856 - 55-DMA

*PRICE: $1.9819 @ 0430GMT

*SUP 1: $1.9650 - High Mar 16 now support

*SUP 2: $1.9321 - Low Mar 19

*SUP 3: $1.9199 - Low Mar 16

*SUP 4: $1.8965 - Low Mar 14

*COMMENTARY: The close above $1.9650 confirmed a break of the 100-DMA although

hesitation around the 55-DMA is less than ideal. Bulls now look for a close

above $2.0237 to confirm a break of the bear channel top and shift focus to

$2.1012 2018 highs. The $1.9650 support is now key. Bears need a close below

this level to ease pressure on the 55-DMA and below $1.9199 to shift focus back

to $1.8484-1.8719.