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NYMEX RBOB (K19) Continue.................>

OIL TECHS
OIL TECHS: NYMEX RBOB (K19) Continue Outperformance
*RES 4: $2.3533 - High Oct 3 
*RES 3: $2.2655 - Low Oct 8 
*RES 2: $2.2075 - High Oct 16 
*RES 1: $2.1559 - High Apr 25 
*PRICE: $2.0937 @ 06:10 GMT Apr 29 
*SUP 1: $1.9930 - Low April 16 
*SUP 2: $1.9480/9216 - Uptrend support from Feb lows/Low April 5 
*SUP 3: $1.9081 - 200-dma 
*SUP 4: $1.8147/8136 - Low Mar 28/March 15 
RBOB futures came under pressure in line with the broader oil complex on Friday
but little chart damage was done in comparison. The April 16 low at $1.9930 acts
as short term support ahead of key uptrend support form the Feb lows at $1.9480
ahead of the April 5 low at $1.9216. Below here would suggest a downside
reversal. Bulls look for a break above Thursday's high at $2.1559 to extend the
rally.

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