NYMEX RBOB (N20): Uptrend Extends *RES....>

OIL TECHS: NYMEX RBOB (N20): Uptrend Extends

*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: $1.307274 - High Mar 9 and gap low on the daily chart / Intraday high

*PRICE: $1.2882 @ 07:15 BST Jun 23

*SUP 1: $1.2012 - Low Jun 18

*SUP 2: $1.1550 - Low Jun 16

*SUP 3: $1.0741/0793 - Low Jun 12 / 50-day EMA

*SUP 4: $0.9891 - Low May 28

RBOB futures strengthened again yesterday 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 $1.3642, Mar 6 low and a gap high on the daily chart. Key trend support has

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

threaten the uptrend. Initial support is at $1.2012.