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NYMEX RBOB: (M18) Bulls Focused On........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (M18) Bulls Focused On $2.1705-2155
*RES 4: $2.2155 - Daily Bull channel top
*RES 3: $2.1705 - 2017 High Aug 31
*RES 2: $2.1118 - Bollinger band top
*RES 1: $2.1023 - 2018 High Apr 20
*PRICE: $2.0982 @ 0430GMT
*SUP 1: $2.0654 - Low Apr 20
*SUP 2: $2.0493 - Low Apr 18
*SUP 3: $2.0327 - 21-DMA
*SUP 4: $2.0305 - Low Apr 17
*COMMENTARY: Fresh 2018 highs add support to the case for a test of 2017 highs
and the bull channel top with bulls taking comfort in support emerging on
Friday's dip. Bears now need a close below $2.0654 to confirm an easing of
bullish pressure and shift initial focus back to $2.0260-0327 where the 21-DMA
is located. Below $2.0260 then targets $1.9414-1.9941. While $2.0654 supports
immediate focus is on $2.1705-2.2155.

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