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NYMEX RBOB (M19) Bulls Back In Charge.....>

OIL TECHS
OIL TECHS: NYMEX RBOB (M19) Bulls Back In Charge
*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: $2.0823 - High May 1
*PRICE: $2.0658 @ 02:11 GMT May 17 
*SUP 1: $1.9392/9264 - 55-dma/Low May 7 
*SUP 2: $1.8980 - 200-dma 
*SUP 3: $1.8030/8054 - Low Mar 28/100-dma 
*SUP 4: $1.7695 - 50% retracement of Dec-Apr rally 
RBOB futures are closing in on the May 1 high at $2.0823 as bulls look to resume
the uptrend towards the April 25 ytd high at $2.0969. Above here would open the
76.4% retracement level at 2.1270. Bears need a close back under $2.00 to return
the focus to the 55-dma/May 7 low at $.9392/9293 ahead of the 200-dma at 1.8980.

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