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NYMEX RBOB: (M18) Focus Shifts To.........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (M18) Focus Shifts To $2.2975-3448
*RES 4: $2.4311 - Low Oct 1 2014 now resistance
*RES 3: $2.3448 - Low Oct 7 2014 now resistance
*RES 2: $2.2975 - Low Oct 8 2014 now resistance
*RES 1: $2.2548 - 2018 High May 17
*PRICE: $2.2524 @ 0430GMT
*SUP 1: $2.2226 - High May 15 now support
*SUP 2: $2.1854 - Low May 15
*SUP 3: $2.1597 - Low May 10
*SUP 4: $2.1451 - Hourly support May 9
*COMMENTARY: Fresh 2018 & 3+yr highs continue with the contract currently
flirting with daily bull channel top ($2.2539). O/B daily studies and the
Bollinger top limiting follow through remain concerns for bulls. Initial support
is now noted at $2.2226 with bears needing a close below to ease bullish
pressure and hint at a correction back to $2.1274-1597 where the 21-DMA
($2.1403) is found.

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