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

OIL TECHS
OIL TECHS: NYMEX RBOB: (N18) $2.2195 Resistance Remains Key
*RES 4: $2.2195 - Low May 23 now resistance
*RES 3: $2.2043 - Hourly support May 28 now resistance
*RES 2: $2.1987 - High May 31
*RES 1: $2.1691 - Hourly resistance June 1
*PRICE: $2.1600 @ 0430GMT
*SUP 1: $2.1233 - Low May 29
*SUP 2: $2.0917 - 55-DMA
*SUP 3: $2.0866 - Bollinger band base
*SUP 4: $2.0547 - Low May 3
*COMMENTARY: Follow through above the 21-DMA ($2.1865) was lacking Thursday with
the contract remaining capped ahead of the key $2.2195 resistance level. Bulls
need a close above $2.2195 to return initial focus to retests of 2018 highs.
While the $2.1987-2195 region caps bears now focus on the 55-DMA with a close
below then pressuring $2.0197-0547 where the 100-DMA ($2.0353) is noted.

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