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NYMEX RBOB (M19) Unable To Recover $2.0...>

OIL TECHS
OIL TECHS: NYMEX RBOB (M19) Unable To Recover $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: $2.0400 - High May 13 
*PRICE: $1.9649 @ 05:30 GMT May 15 
*SUP 1: $1.9293/9278 - Low May 7/55-dma 
*SUP 2: $1.8979 - 200-dma 
*SUP 3: $1.8030 - Low Mar 28 
*SUP 4: $1.7695 - 50% retracement of Dec-Apr rally
RBOB futures were unable to recover the $2.0 level yesterday which keeps the
bearish picture intact and the near term focus on the May 7 low/55-dma at
$1.9293/9278. A break would suggest a bearish reversal opening the 200-dma at
$1.8979. To regain the upper hand bulls need to take out Monday's high at
$2.0400 which would open the April 25 ytd high at $2.0969.

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