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OIL TECHS: NYMEX RBOB (K19) New Highs
*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: $1.9955 - Channel resistance
*PRICE: $1.9472 @ 05:50 GMT Apr 4
*SUP 1: $1.9108 - 200-dma
*SUP 2: $1.8147/8136 - Low Mar 28/March 15
*SUP 3: $1.7940 - High Feb 22
*SUP 4: $1.7677 - 50-dma
RBOB futures continue to advance towards channel top resistance at $1.9955 with
a break above here needed to open the 61.8% retracement level at $2.0055 ahead
of the Aug 16 low at $2.0202. Bears focus remains on the 200-dma at $1.9108 with
a break back below here opening the March 28/March 15 low at $1.8147/36.