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NYMEX RBOB (M19) Closed Below 200-DMA.....>

OIL TECHS
OIL TECHS: NYMEX RBOB (M19) Closed Below 200-DMA
*RES 4: $1.9784 - High May 28
*RES 3: $1.9745 - 50-dma
*RES 2: $1.9502 - High May 31
*RES 1: $1.9334 - Trendline off May 17 high
*PRICE: $1.8705 @ 06:18 GMT May 31
*SUP 1: $1.8678 - Low Apr 1
*SUP 2: $1.8467/8432 - 38.2% retracement/100-dma
*SUP 3: $1.8031 - Low March 28
*SUP 4: $1.7695 - 50% retracement of Dec-Apr rally
RBOB futures closed below the 200-dma for the first time since early April. The
short-term outlook remains neutral with next support at $1.8467/32 from the
38.2% retracement of the Dec-Apr rally & 100-dma. Below here opens a run at the
Mar 28 low at $1.8031. Bulls need to clear trendline resistance off the May 17
high at $1.9334, above here opens the May 31 high at $1.9502.

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