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

OIL TECHS: NYMEX RBOB: (Q18) Bears Need Close Below $2.0438

*RES 4: $2.1749 - High July 10

*RES 3: $2.1469 - Hourly support July 10 now resistance

*RES 2: $2.1196 - 55-DMA

*RES 1: $2.0907 - Low July 3 now resistance

*PRICE: $2.0707 @ 0430GMT

*SUP 1: $2.0438 - Low July 12

*SUP 2: $2.0109 - Low June 26

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

*SUP 4: $1.9619 - 200-DMA

*COMMENTARY: Failure to gain topside traction and hesitation ahead of the key

$2.2093 resistance has resulted in a sharp break lower with immediate pressure

on the 100-DMA ($2.0533). Bears need a close below $2.0438 to shift initial

focus to $1.9619-1.9761 where the 200-DMA is situated. Bulls now need a close

above $2.0907 to gain breathing room and above $2.1469 to shift focus back to

$2.1749-2.2093.