NYMEX RBOB (N20): Bullish Condition.......>

OIL TECHS: NYMEX RBOB (N20): Bullish Condition Intact

*RES 4: $1.4000 - Round number resistance

*RES 3: $1.2642 - Low Mar 6 and gap high on the daily chart

*RES 2: $1.3642 - Low Jun 3 and gap low on the daily chart

*RES 1: $1.3072 - High Mar 9 and gap low on the daily chart

*PRICE: $1.2683 @ 07:24 BST Jun 22

*SUP 1: $1.1550 - Low Jun 16

*SUP 2: $1.0741 - Low Jun 12 and the bear trigger

*SUP 3: $1.0707 - 50-day EMA

*SUP 4: $0.9891 - Low May 28

RBOB futures strengthened last week and resumed the uptrend that started on Apr

22. The move to fresh highs also confirms the bullish price sequence of higher

highs and higher lows reinforcing current trend conditions. The focus is on

$1.3072, Mar 9 high and a gap low on the daily chart. Key trend support has been

defined at $1.0741, the Jun 12 low. A break of this level is required to

threaten the uptrend.