NYMEX RBOB: (Q18) Bears Need Close........>

OIL TECHS: NYMEX RBOB: (Q18) Bears Need Close Below $1.9761

*RES 4: $2.1035 - 55-DMA

*RES 3: $2.0493 - High June 18

*RES 2: $2.0400 - High June 20

*RES 1: $2.0272 - Hourly resistance June 20

*PRICE: $2.0109 @ 0430GMT

*SUP 1: $1.9927 - Low June 20

*SUP 2: $1.9775 - Bollinger band base

*SUP 3: $1.9761 - High Apr 9 now support

*SUP 4: $1.9322 - 55-DMA

*COMMENTARY: The recovery from the week's low so far set on Monday sees the

contract hesitating ahead of $2.0493. Bulls need a close above this level to

ease bearish pressure and above $2.1157 to confirm breaks of 21 & 55-DMAs and

shift initial focus to $2.1904-2.2093. While $2.0493 caps bearish focus remains

on the break of $1.9761 needed to confirm focus on $1.9244-9322 where the

200-DMA is located.