NYMEX RBOB (K19) 200-DMA Caps Gains.......>

OIL TECHS: NYMEX RBOB (K19) 200-DMA Caps Gains

*RES 4: $2.0175 - Low Aug 16 (continuation chart)

*RES 3: $2.0055 - 61.8% of Oct-Dec Decline 

*RES 2: $1.9223 - High March 27 

*RES 1: $1.9117 - 200-dma 

*PRICE: $1.9001 @ 06:22 GMT Apr 2 

*SUP 1: $1.8147/8136 - Low Mar 28/March 15

*SUP 2: $1.7940 - High Feb 22

*SUP 3: $1.7542 - 50-dma 

*SUP 4: $1.7446 - Low Mar 8 

RBOB futures are stuck below their 200-dma at $1.9117 with bulls looking for a

close above here to extend the recovery in line with the major oil benchmarks. A

break above here would bring the Mar 27 high at $1.9223 into play ahead of the

61.8% retracement level at $2.0055. Bears focus remains on the March 28/March 15

low at $1.8147/36, with a break needed to open the Feb 22 high at $1.7940.