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NYMEX RBOB (K20): Heavy Once Again *RES...>

OIL TECHS: NYMEX RBOB (K20): Heavy Once Again
*RES 4: $0.8000 - Psychological round number resistance
*RES 3: $0.7906 - High Mar 17
*RES 2: $0.7749 - High Apr 16 and bull trigger
*RES 1: $0.6882 - Intraday high
*PRICE: $06051 @ 09:22 BST Apr 21
*SUP 1: $0.5671 - Low Apr 2
*SUP 2: $0.5090 - Low Apr 1
*SUP 3: $0.4758 - Low Apr 24
*SUP 4: $$0.4605 - Low Mar 23 and primary support
RBOB is beginning once again to appear heavy with prices selling off today.
Futures have traded through $0.6252, the Apr 8 low paving the way for a move
towards $0.5671, Apr 2 low and $0.5090, the low from Apr 1. Clearance of this
latter support would expose the 2020 low and major support at $0.4605 from Mar
23. On the upside, initial resistance is at today's intraday high of $0.5960.
Key resistance is at $0.7749, Apr 16 high.

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