NYMEX RBOB (N19): Bulls Need to Clear.....>

OIL TECHS: NYMEX RBOB (N19): Bulls Need to Clear Jun 3 High

*RES 4: $1.8706 - 200-dma

*RES 3: $1.8557 - High May 31

*RES 2: $1.8338 - 100-dma

*RES 1: $1.7867 - High June 3

*PRICE: $1.7414 @ 06:00 GMT Jun 10

*SUP 1: $1.6688/25 - Low June 6, Jun 5

*SUP 2: $1.6088 - Low Dec 6

*SUP 3: $1.5952/5823 - 76.4% Dec-Apr rally/Low Jan 28

*SUP 4: $1.5273 - High Dec 26

Despite the run of 6 consecutive down days being snapped on Thursday, the Friday

recovery proved insufficient to change the medium-term picture. This keeps

pressure on recent support sitting at the 2% Lower Bollinger Band ($1.6614) and

the the Dec6 low ($1.6088). Bulls look for a positive close to change the

outlook, targeting a run at the 100-dma & May 31 high at $1.8326/8557.