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NYMEX RBOB: (M18) Looking A Little........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (M18) Looking A Little Offered Today
*RES 4: $2.1652 - Daily Bull channel top
*RES 3: $2.1387 - 2018 High Apr 23
*RES 2: $2.1138 - Hourly support Apr 24 now resistance
*RES 1: $2.1023 - Alternating daily support/resistance
*PRICE: $2.0951 @ 0430GMT
*SUP 1: $2.0654 - Low Apr 20
*SUP 2: $2.0493 - Low Apr 18
*SUP 3: $2.0400 - 21-DMA
*SUP 4: $2.0305 - Low Apr 17
*COMMENTARY: A double daily top is in place around 2018 highs with the sell-off
Tuesday leaving M18 looking heavy and shifting focus back to $2.0260-2.0654.
Bears look for a close below $2.0260 to then target $1.9814-1.9941 where 55 &
100-DMAs and a bull channel base are found. Bulls now need a close above $2.1138
to gain breathing room and above $2.1387 to initially target $2.1652-1705 where
2017 highs and a bull channel top are noted.

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