NYMEX RBOB: (N18) Bears Need Close........>

OIL TECHS: NYMEX RBOB: (N18) Bears Need Close Below $2.2219

*RES 4: $2.3448 - Low Oct 7 2014 now resistance

*RES 3: $2.2975 - Low Oct 8 2014 now resistance

*RES 2: $2.2737 - High May 17

*RES 1: $2.2616 - Hourly support May 17 now resistance

*PRICE: $2.2529 @ 0430GMT

*SUP 1: $2.2424 - Hourly support May 21

*SUP 2: $2.2219 - Low May 21

*SUP 3: $2.1871 - Low May 15

*SUP 4: $2.1587 - 21-DMA

*COMMENTARY: Fresh 2018 & 3+yr highs continue although the lack of follow

through combined with daily momentum divergence and O/B studies looking to

correct is less than ideal. Bears continue to look for a close below $2.2219 to

ease bullish pressure and hint at a correction back to $2.1434-1587 where the

21-DMA is found. While $2.2219 supports bulls focus on layers of resistance

$2.2975-2.4311.