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NYMEX RBOB (N19): Pivotal resistance at...>

OIL TECHS
OIL TECHS: NYMEX RBOB (N19): Pivotal resistance at 1.7867
*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: $1.7730 @ 08:05 BST Jun 20
*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. However attention is on key
resistance at 1.7867. A break above this level would signal a reversal. Momentum
conditions are more constructive and price action would be pulling further away
from the 61.8% retracement of the Dec 24, 2018-Apr 22 rally. While 1.7867
remains intact though, recent bearish conditions remain in place with the focus
on the $1.6625 early June low.

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