NYMEX RBOB (N19): Bullish reversal........>

OIL TECHS: NYMEX RBOB (N19): Bullish reversal confirmed

*RES 4: $1.8635 - 50% retracement of the Apr 22-Jun 5 low

*RES 3: $1.8557 - High May 31

*RES 2: $1.8418 - 100-dma

*RES 1: $1.8161 - 38.2% retracement of the Apr 22-Jun 5 low

*PRICE: $1.7832 @ 07:51 BST Jun 21

*SUP 1: $1.7312 - High Jun 11

*SUP 2: $1.6658 - Low Jun 18

*SUP 3: $1.6625 - Low Jun 5

*SUP 4: $1.6088 - Low Dec 6

RBOB bulls return. The move through $1.7867 resistance yesterday has confirmed a

bullish reversal in RBOB. Momentum studies are in a favourable condition for

bulls and rising. The focus is now the 38.2% retracement of the $2.0645-1.6625

decline at $1.8161. A move through this level would open $1.8635, the 50%

retracement. On the downside, $1.7312 marks initial support.