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NYMEX RBOB (M19) Recovery Attempts Lack...>

OIL TECHS
OIL TECHS: NYMEX RBOB (M19) Recovery Attempts Lack Bite
*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: $2.0233 - 21-dma 
*PRICE: $1.9734 @ 06:00 GMT May 10 
*SUP 1: $1.9293 - Low May 7 
*SUP 2: $1.8999 - 200-dma 
*SUP 3: $1.8030 - Low Mar 28 
*SUP 4: $1.7695/7810 - 50% retracement of Dec-Apr rally/100-dma 
RBOB futures attempted to reignite upside momentum yesterday but to no avail as
the weakness resumed ahead of the 21-dma. The focus now returns to Tuesday's low
at $1.9293 with a break below here opening the 200-dma at $1.8999 ahead of the
March 28 low at $1.8030. Bulls need to recover $2.0 on a closing basis as well
as the 21-dma at $2.0233 to return the focus to the April 25 at $2.0969. 

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