NYMEX RBOB (K19) $2.0 Under Pressure......>

OIL TECHS: NYMEX RBOB (K19) $2.0 Under Pressure

*RES 4: $2.2655 - Low Oct 8 

*RES 3: $2.2075 - High Oct 16 

*RES 2: $2.1384 - 76.4% retracement 

*RES 1: $2.0702 - High Apr 10 

*PRICE: $2.0035 @ 05:23 GMT Apr 16 

*SUP 1: $2.0000 - Support 

*SUP 2: $1.9216 - Low April 5

*SUP 3: $1.9083/9000 - 200-dma/Uptrend support from Feb lows 

*SUP 4: $1.8147/8136 - Low Mar 28/March 15 

RBOB futures are testing the $2.0 level as the pullback from the April 10 highs

extends. A close back below $2.0 would return the focus back to the April 5 low

at $1.9216, while a break below here would bring the key 200-dma/uptrend support

into play at $1.9083/9000. Bulls look to recover the $2.0702 April 10 high to

extend the rally towards the 76.4% retracement at $2.1384. Above here would

bring the Oct 16 high at $2.2075 into focus.