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

OIL TECHS
OIL TECHS: NYMEX RBOB: (M18) Bulls Focused On Channel Tops
*RES 4: $2.2475 - High Oct 29 2014, Daily Bull channel top
*RES 3: $2.2118 - Daily Bull channel top
*RES 2: $2.1959 - 2018 High May 11
*RES 1: $2.1856 - Hourly resistance May 14
*PRICE: $2.1753 @ 0430GMT
*SUP 1: $2.1597 - Low May 10
*SUP 2: $2.1451 - Hourly support May 9
*SUP 3: $2.1191 - Hourly support May 8
*SUP 4: $2.0612 - Low May 8
*COMMENTARY: The sharp sell-off was aggressively reversed Tuesday, resulting in
fresh 2018 & nearly 12 month highs. Bulls now focus on $2.2118-2.2475 where bull
channel tops are located. Bears now look for a close below $2.1451 to confirm an
easing of bullish pressure and below $2.1191 to shift focus back to
$1.9941-2.0612 where 55 & 100-DMAs are noted.

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