NYMEX RBOB: (M18) Bears Need Close........>

OIL TECHS: NYMEX RBOB: (M18) Bears Need Close Below $2.0260

*RES 4: $2.0897 - 2018 High Jan 26

*RES 3: $2.0831 - Bollinger band top

*RES 2: $2.0799 - High Apr 11

*RES 1: $2.0560 - Hourly resistance Apr 16

*PRICE: $2.0514 @ 0430GMT

*SUP 1: $2.0354 - Low Apr 16

*SUP 2: $2.0260 - Low Apr 11

*SUP 3: $2.0141 - 21-DMA

*SUP 4: $1.9941 - High Apr 5 now support

*COMMENTARY: Hesitation ahead of 2018 highs remains a concern for bulls with the

Bollinger band top ($2.0845) limiting follow through. Bears look for a close

below $2.0260 to confirm an easing of bullish pressure and shift immediate focus

to $1.9941-2.0141 where the 21-DMA is located. While $2.0260 supports bulls

maintain the upper hand but need a close above $2.0560 to gain breathing room

and above $2.0897 to target $2.1705 2017 highs.