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NYMEX RBOB: (N18) Aggressive Recovery.....>

OIL TECHS: NYMEX RBOB: (N18) Aggressive Recovery Wednesday
*RES 4: $2.2975 - Low Oct 8 2014 now resistance
*RES 3: $2.2804 - 2018 High May 22
*RES 2: $2.2666 - Hourly resistance May 22
*RES 1: $2.2572 - High May 23
*PRICE: $2.2472 @ 0430GMT
*SUP 1: $2.2195 - Low May 23
*SUP 2: $2.1871 - Low May 15
*SUP 3: $2.1742 - 21-DMA
*SUP 4: $2.1585 - Low May 10
*COMMENTARY: Bulls take comfort in support emerging Wednesday and the aggressive
recovery that adds to bullish support for a case targeting $2.2975-2.4311. Bulls
now need a close above $2.2804 to add further to confidence. Bears now need a
close below $1.2195 to ease bullish pressure and hint at a correction back to
$2.1434-1742 where the 21-DMA is found.

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