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NYMEX RBOB: (N18) $2.2195 Resistance......>

OIL TECHS
OIL TECHS: NYMEX RBOB: (N18) $2.2195 Resistance Remains Key
*RES 4: $2.2572 - High May 23
*RES 3: $2.2195 - Low May 23 now resistance
*RES 2: $2.2043 - Hourly support May 28 now resistance
*RES 1: $2.1850 - High May 30
*PRICE: $2.1753 @ 0430GMT
*SUP 1: $2.1639 - Hourly support May 30
*SUP 2: $2.1233 - Low May 29
*SUP 3: $2.0876 - 55-DMA
*SUP 4: $2.0745 - Bollinger band base
*COMMENTARY: Bulls take comfort in Wednesday's rally that sees the contract
flirting with the 21-DMA ($2.1834). Bulls continue to look for a close above
$2.2195 to return initial focus to retests of 2018 highs. Initial support is
noted at $2.1639 today with bears needing a close below to return initial focus
to $2.1233 with a close below needed to pressure the 55-DMA ($2.0876).

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