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NYMEX RBOB (K19) Downside Risks *RES 4:...>

OIL TECHS
OIL TECHS: NYMEX RBOB (K19) Downside Risks
*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: $2.0248 @ 06:00 GMT Apr 30 
*SUP 1: $2.0130/2.0016/1.9930 - Low April 26/21-dma/Low April 16 
*SUP 2: $1.9480/9216 - Uptrend support from Feb lows/Low April 5 
*SUP 3: $1.9013 - 200-dma 
*SUP 4: $1.8147/8136 - Low Mar 28/March 15 
RBOB futures are testing Friday's low at $2.0130 with a break opening the 21-dma
just below it and the April 16 low at $1.9930. A close below here would suggest
a bearish reversal opening uptrend support form the Feb lows at $1.9480 ahead of
the April 5 low at $1.9216. Bulls look for a break above Thursday's high at
$2.1559 to extend the rally, but upside momentum looks hard to come by for now. 

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