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

OIL TECHS
OIL TECHS: NYMEX RBOB: (M18) Bulls Need Close Above $2.0933
*RES 4: $2.1642 - Bollinger band top
*RES 3: $2.1523 - 2018 High Apr 30
*RES 2: $2.1320 - High May 1
*RES 1: $2.0933 - Hourly resistance May 1
*PRICE: $2.0729 @ 0430GMT
*SUP 1: $2.0564 - Low May 2
*SUP 2: $2.0305 - Low Apr 17
*SUP 3: $2.0021 - 55-DMA
*SUP 4: $1.9946 - 100-DMA
*COMMENTARY: The correction lower from 2018 highs resulted in a dip below the
21-DMA ($2.0692) but follow through is now lacking to the downside. In saying
that. bulls now need a close above $2.0933 to gain breathing room and shift
focus back to $2.1320-1523 with above $2.1523 needed to target the bull channel
top around $2.2325. Bears now need a close below $2.0564 to initially pressure
$2.0305.

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