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NYMEX RBOB (N19): Bearish outlook.........>

OIL TECHS
OIL TECHS: NYMEX RBOB (N19): Bearish outlook remains in place
*RES 4: $1.8631 - 200-dma
*RES 3: $1.8557 - High May 31
*RES 2: $1.8365 - 100-dma
*RES 1: $1.7867 - High June 3
*PRICE: $1.7295 @ 07:23 BST Jun 19
*SUP 1: $1.6658 - Low Jun 18
*SUP 2: $1.6625 - Low Jun 5
*SUP 3 :$1.6088 - Low Dec 6
*SUP 4: $1.5952/5823 - 76.4% Dec-Apr rally/Low Jan 28
Overall, the focus in RBOB is still to the downside. The focus is on the
potential for weakness towards a test of the more important $1.6750 support.
Below here the $1.6625 early June low remains key, with the potential to extend
the downtrend. A break above $1.7867 is needed to improve the technical picture.

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