NYMEX RBOB (M19) Weak Close Returns.......>

OIL TECHS: NYMEX RBOB (M19) Weak Close Returns Focus To The Lows

*RES 4: $2.0969 - High Apr 25 

*RES 3: $2.0854 - High May 17 

*RES 2: $2.0214 - High May 22 

*RES 1: $1.9952 - 21-dma 

*PRICE: $1.9487 @ 02:11 GMT May 29 

*SUP 1: $1.9002/8946 - May 23 low/200-dma 

*SUP 2: $1.8467 - 38.2% retracement 

*SUP 3: $1.8373 - 100-dma 

*SUP 4: $1.8031 - Low March 28 

RBOB futures are looking topping once again following yesterday's weak close,

with the focus now returning to the May 23 low and 200-dma at $1.9002/8946.

Below here is needed to open 38.2% retracement of the Dec-April rally at

$1.8467. The 100-dma sits just below at $1.8373. Upside focus remains on the

21-dma which sits just below the $2.0 level. Above here would put the focus back

on the May 22 high at $2.0214 ahead of the May 17 high at $2.0854.