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NYMEX RBOB (K19) Testing $2.0 *RES 4:.....>

OIL TECHS
OIL TECHS: NYMEX RBOB (K19) Testing $2.0
*RES 4: $2.1384 - 76.4% retracement 
*RES 3: $2.0631 - High Oct 31 
*RES 2: $2.0202 - Low Aug 16 
*RES 1: $2.0055 - 61.8% retracement of Oct-Dec Decline
*PRICE: $1.9943 @ 05:37 GMT Apr 9 
*SUP 1: $1.9216 - Low April 5 
*SUP 2: $1.8147/8136 - Low Mar 28/March 15 
*SUP 3: $1.7940 - High Feb 22 
*SUP 4: $1.7898 - 50-dma 
RBOB futures are closing in on the $2.0 level with the 61.8% retracement at
$2.0055 sitting just above here. A break would open the Aug 16 low at $2.0202
ahead of the 76.4% retracement at $2.1384. Bears need a break below Friday's low
at $1.9216 to open the March 28/March 15 low at $1.8147/36 ahead of the Feb 22
high at $1.7940.

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