NYMEX RBOB (K19) Consolidating Gains......>

OIL TECHS: NYMEX RBOB (K19) Consolidating Gains Above $2.0 

*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: $2.0198 @ 05:54 GMT Apr 12 

*SUP 1: $2.0000 - Support

*SUP 2: $1.9216/9090 - Low April 5/200-dma 

*SUP 3: $1.8800 - Uptrend support from Feb lows 

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

RBOB futures have edged back from Wednesday's highs but the correction remains

limited with the $2.0 level remaining intact. Bulls look to recover the $2.0702

level 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. Bears need a break below $2.0

to bring the April 5 low/200-dma area at $1.9216/9090 into play, below which

would open uptrend support from the Feb lows at $1.8800.