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NYMEX RBOB (M20): Still Trading...........>

OIL TECHS
OIL TECHS: NYMEX RBOB (M20): Still Trading Sideways
*RES 4: $0.9597 - High Mar 16
*RES 3: $0.9000 - Round number resistance
*RES 2: $0.8272 - High Apr 9 and bull trigger
*RES 1: $0.7798 - High Apr 23
*PRICE: $0.7318 @ 08:02 BST Apr 29
*SUP 1: $0.6519 - Low Apr 24
*SUP 2: $0.5251 - Low Apr 22
*SUP 3: $0.5189 - Low Mar 23 and primary support
*SUP 4: $0.5000 - Round number support
RBOB is unchanged. Futures experienced a sharp rebound in prices on Apr 22
recovering off the day low of $0.5251. This has left key support at $0.5189
intact, Apr 23 trend low. The broader outlook remains bearish although it is
possible that futures will trade in a more choppy manner within what appears to
be a developing range. The top (key resistance) is at $0.8272, Apr 9 high. A
breach of $0.5189 (range base) would confirm a resumption of the downtrend.

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