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NYMEX RBOB (M19) Friday's High In The.....>

OIL TECHS
OIL TECHS: NYMEX RBOB (M19) Friday's High In The Crosshairs
*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 1 
*PRICE: $2.0600 @ 01:24 GMT May 20 
*SUP 1: $2.0271 - 21-dma 
*SUP 2: $1.9614/9446 - Low May 5/55-dma
*SUP 3: $1.9264 - Low May 7
*SUP 4: $1.8979 - 200-dma 
RBOB futures took out the May 1 high on Friday to hit as high as $2.0854 and
bulls now look to take out this level 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. Bears need a close back under the 21-dma at $2.0271 to return the focus
to the 55-dma. Below here holds the May 7 low at $1.9264.

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