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NYMEX RBOB (M19) Below $2.0 Would Spell...>

OIL TECHS
OIL TECHS: NYMEX RBOB (M19) Below $2.0 Would Spell Trouble 
*RES 4: $2.2039 - High Oct 17 
*RES 3: $2.1270 - 76.4% retracement of Oct-Dec decline 
*RES 2: $2.0969 - High Apr 25 
*RES 1: $2.0854 - High May 17
*PRICE: $2.0178 @ 05:29 GMT May 21 
*SUP 1: $2.0049 - Low May 20 
*SUP 2: $1.9614/9483 - Low May 5/55-dma 
*SUP 3: $1.9264 - Low May 7 
*SUP 4: $1.8974 - 200-dma 
RBOB futures broke back below their 21-dma yesterday with bears now looking for
a close below yesterday's low at $2.0049 and the $2.0 handle to suggest a
potential downside reversal towards the May 5 low/55-dma at $1.9614/9483. The
May 7 low sits behind at $1.9264. Bulls need to take out Friday's high at
$2.0854 to shift the focus back to the April 25 ytd high at $2.0969. Above here
would open the 76.4% retracement level at 2.1270. 

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