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NYMEX RBOB (K19) Bulls Clear The..........>

OIL TECHS
OIL TECHS: NYMEX RBOB (K19) Bulls Clear The 200-DMA 
*RES 4: $2.0631 - High Oct 31 
*RES 3: $2.0202 - Low Aug 16 
*RES 2: $2.0055 - 61.8% of Oct-Dec Decline 
*RES 1: $1.9855 - Channel resistance
*PRICE: $1.9330 @ 05:45 GMT Apr 3 
*SUP 1: $1.9112 - 200-dma 
*SUP 2: $1.8147/8136 - Low Mar 28/March 15 
*SUP 3: $1.7940 - High Feb 22 
*SUP 4: $1.7608 - 50-dma 
RBOB futures broke cleanly above their 200-dma yesterday extending the recovery
to fresh ytd highs. The next upside target is channel top resistance at $1.9855
with a break above here needed to open the 61.8% retracement level at $2.0055.
Bears focus now turns to the 200-dma at $1.9112 with a break back below here
opening the March 28/March 15 low at $1.8147/36.

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