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NYMEX RBOB (N19): Today's bull trigger....>

OIL TECHS
OIL TECHS: NYMEX RBOB (N19): Today's bull trigger is $1.9787
*RES 4: $2.0645 - High Apr 22 and major resistance
*RES 3: $2.0511 - High may 17
*RES 2: $2.0011 - High May 21
*RES 1: $1.9787 - High Jun 26
*PRICE: $1.9312 @ 06:40 BST Jun 28
*SUP 1: $1.9051 - Low Jun 26
*SUP 2: $1.8374 - Jun 24 low
*SUP 3: $1.7646 - High Jun 11 and former breakout point
*SUP 4: $1.6658 - Low Jun 18
RBOB bullish theme remains in place. The move last week through the $1.7646
resistance confirmed a bullish reversal and bulls haven't looked back. Momentum
studies are also trending higher, reinforcing the positive outlook for bulls.
The 76.4% retracement of the Apr 22-Jun 5 decline at $1.9696 was achieved this
week. Attention now turns to a 100% retracement back to the Apr high 2.0645.
Initial support sits at 1.9051. The bull trigger for today is $1.9787.

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