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NYMEX RBOB (K19) Rally Gathers Pace.......>

OIL TECHS
OIL TECHS: NYMEX RBOB (K19) Rally Gathers Pace
*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: $2.0521 @ 05:49 GMT Apr 11 
*SUP 1: $1.9216/9100 - Low April 5/200-dma 
*SUP 2: $1.8742 - Uptrend support from Feb lows 
*SUP 3: $1.8147/8136 - Low Mar 28/March 15 
*SUP 4: $1.7940/8077 - High Feb 22/50-dma 
The rally in RBOB futures has picked up pace as bulls charge towards the next
resistance level at the 76.4% retracement at $2.1384. A break above here would
bring the Oct 16 high at $2.2075 into focus. Bears need a break below Friday's
low at $1.9216 and the 200-dma to open uptrend support from the Feb lows which
currently comes in at $1.8742.

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