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

OIL TECHS
OIL TECHS: NYMEX RBOB: (Q18) Bears Need Close Below $1.9761
*RES 4: $2.1041 - 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: $1.9835 - Low June 21
*SUP 2: $1.9761 - High Apr 9 now support
*SUP 3: $1.9756 - Bollinger band base
*SUP 4: $1.9322 - 200-DMA
*COMMENTARY: Hesitation ahead of $2.0493 has weighed this week with a dip back
towards the $1.9761 support Thursday. Bears continue to look for a close below
$1.9761 to confirm focus on $1.9244-9338 where the 200-DMA is located. O/S
studies and the Bollinger base are key concerns for bears. Bulls need a close
above $2.0493 to ease bearish pressure and above $2.1157 to confirm breaks of 21
& 55-DMAs and shift initial focus to $2.1904-2.2093.

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