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

OIL TECHS: NYMEX RBOB: (M18) Bulls Need Close Above $2.0897

*RES 4: $2.2112 - Daily Bull channel top

*RES 3: $2.1705 - 2017 High Aug 31

*RES 2: $2.0929 - Bollinger band top

*RES 1: $2.0897 - 2018 High Jan 26

*PRICE: $2.0839 @ 0430GMT

*SUP 1: $2.0493 - Low Apr 18

*SUP 2: $2.0305 - Low Apr 17

*SUP 3: $2.0260 - Low Apr 11

*SUP 4: $2.0254 - 21-DMA

*COMMENTARY: Immediate pressure has returned to 2018 highs following the

aggressive rally and recovery from the dip back towards $2.0260. Bulls now look

for a close above $2.0897 to target $2.1705 2017 highs. O/B studies and the

Bollinger top are key concerns for bulls. Bears now need a close below $2.0493

to ease bullish pressure and below the 21-DMA to shift initial focus back to

$1.9941.