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

OIL TECHS: NYMEX RBOB (N20): Uptrend 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: $1.2712 @ 07:25 BST Jun 19

*SUP 1: $1.1550 - Low Jun 16

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

*SUP 3: $1.0624 - 50-day EMA

*SUP 4: $0.9891 - Low May 28

RBOB futures have recovered this 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.