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NYMEX RBOB (M20): Holds Above Key.........>

OIL TECHS
OIL TECHS: NYMEX RBOB (M20): Holds Above Key Support
*RES 4: $1.0449 - High Mar 13
*RES 3: $1.0239 - 1.618 projection of Mar 23 - Apr 9 rally from Apr 22 low
*RES 2: $1.0000 - Psychological round number
*RES 1: $0.9820 - High May 11and the bull trigger
*PRICE: $0.9447 @ 07:19 BST May 15
*SUP 1: $0.8272 - High Apr 9 and former breakout level
*SUP 2: $0.7408 - Low May 4
*SUP 3: $0.7119 - Low Apr 29
*SUP 4: $0.6519 - Low Apr 24
RBOB futures maintain a bullish tone and are trading firmer into the end of the
week. Recently the contract traded through key resistance at $0.8272, Apr 9
high. The break higher confirmed a short-term reversal and at the very least
signals scope for a stronger correction. Attention is on a climb towards the
psychological $1.000 level. On the downside, $0.8272, the former breakout level
is firm support.

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