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NYMEX RBOB (K19) Uptrend Gains Momentum...>

OIL TECHS
OIL TECHS: NYMEX RBOB (K19) Uptrend Gains Momentum
*RES 4: $2.3533 - High Oct 3 
*RES 3: $2.2655 - Low Oct 8 
*RES 2: $2.2075 - High Oct 16 
*RES 1: $2.1384 - 76.4% retracement 
*PRICE: $2.1188 @ 05:44 GMT Apr 22 
*SUP 1: $1.9930 - Low April 16 
*SUP 2: $1.9216 - Low April 5 
*SUP 3: $1.9079/9260 - 200-dma/Uptrend support from Feb lows 
*SUP 4: $1.8147/8136 - Low Mar 28/March 15 
RBOB futures have broken cleanly above their April 10 highs to add further
momentum to the strong uptrend. The next upside target is at the 76.4%
retracement at $2.1384 ahead of the Oct 16 high at $2.2075. Bears need a close
back below $2.0 to return the focus back to the April 5 low at $1.9216, while a
break below here would bring the key 200-dma/uptrend support into play at
$1.9077/9260.

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