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

OIL TECHS: NYMEX RBOB: (Q18) $2.0907 Support Key Today

*RES 4: $2.2093 - Low May 23 now resistance

*RES 3: $2.1904 - High May 31

*RES 2: $2.1575 - High June 29, Bollinger band top

*RES 1: $2.1384- High July 2

*PRICE: $2.1162 @ 0430GMT

*SUP 1: $2.1133 - Hourly support July 3

*SUP 2: $2.0907 - Low July 3

*SUP 3: $2.0749 - 21-DMA

*SUP 4: $2.0709 - Alternating hourly support/resistance

*COMMENTARY: Despite a close above the 55-DMA ($2.1170) Friday, bulls failed to

gain traction above. Bulls need a close above $2.1575 to 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.