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NYMEX RBOB: (Q18) $2.0907 Support.........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (Q18) $2.0907 Support Remains Key
*RES 4: $2.1904 - High May 31
*RES 3: $2.1575 - High June 29
*RES 2: $2.1433 - Daily Bear channel top off 2018 high
*RES 1: $2.1369 - Hourly resistance July 5
*PRICE: $2.1217 @ 0430GMT
*SUP 1: $2.1133 - Hourly support July 3
*SUP 2: $2.0907 - Low July 3
*SUP 3: $2.0783 - 21-DMA
*SUP 4: $2.0709 - Alternating hourly support/resistance
*COMMENTARY: The contract continues to oscillate around the 55-DMA ($2.1183).
Bulls need a close above $2.1575 to confirm a break of the bear channel top and
shift initial focus to $2.1904-2093 and overall focus back to $2.2686 2018
highs. Bears now need a close below $2.0907 to shift initial focus to
$2.0527-0749 and hint at a move back to $1.9761-2.0109.

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