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NYMEX RBOB (M19) Bulls Look For A Close...>

OIL TECHS
OIL TECHS: NYMEX RBOB (M19) Bulls Look For A Close Back Above $2.0
*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: $2.0237 - 21-dma 
*PRICE: $1.9959 @ 05:44 GMT May 13 
*SUP 1: $1.9293 - Low May 7 
*SUP 2: $1.8994 - 200-dma 
*SUP 3: $1.8030 - Low Mar 28 
*SUP 4: $1.7695/7867 - 50% retracement of Dec-Apr rally/100-dma 
RBOB futures have shown some upside momentum off of last week's lows with bulls
now looking to close back above $2.0 and the 21-dma at $2.0237 reignite upside
momentum towards the the April 25 at $2.0969. On the downside bears look to take
out Tuesday's low at $1.9293 to open the 200-dma at $1.8994 ahead of the March
28 low at $1.8030.

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