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NYMEX RBOB (M19) Looking Bearish *RES....>

OIL TECHS
OIL TECHS: NYMEX RBOB (M19) Looking Bearish 
*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: $2.0400 - High May 13
*PRICE: $1.9649 @ 05:55 GMT May 14 
*SUP 1: $1.9293/9235 - Low May 7/55-dma 
*SUP 2: $1.8985 - 200-dma 
*SUP 3: $1.8030 - Low Mar 28 
*SUP 4: $1.7695/7897 - 50% retracement of Dec-Apr rally/100-dma 
RBOB futures round tripped yesterday with upside momentum reversing as equity
weakness intensified to put the focus back on the May 7 low/55-dma at
$1.9293/9235. A break would shift the outlook bearish opening the 200-dma at
$1.8985. To regain the upper hand bulls need to take out yesterday's high at
$2.0400 which would open the April 25 ytd high at $2.0969. 

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