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

OIL TECHS
OIL TECHS: NYMEX RBOB: (N18) Bulls Need Close Above $2.0810
*RES 4: $2.1060 - Hourly support June 14 now resistance
*RES 3: $2.0986 - Hourly resistance June 14
*RES 2: $2.0810 - High June 15
*RES 1: $2.0644 - Hourly support June 15 now resistance
*PRICE: $2.0439 @ 0430GMT
*SUP 1: $2.0323 - Hourly support June 18
*SUP 2: $2.0055 - Low June 18
*SUP 3: $1.9946 - High Apr 3 now support
*SUP 4: $1.9892 - Daily Bull channel base
*COMMENTARY: The recovery to start the new week is less than ideal for bears
given daily studies lingering at O/S levels. The $2.0810 resistance is key today
with bulls needing a close above to shift focus back to $2.1332-1502 where the
21-DMA ($2.1356) is noted. Bears focus on the bull channel base while $2.0810
caps and need a close below $2.0323 to add weight to their case.

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