NYMEX RBOB (Q19): Bull trend extends......>

OIL TECHS: NYMEX RBOB (Q19): Bull trend extends within the channel

*RES 4: $2.1207 - Bull channel top drawn off the Jun 18 low

*RES 3: $2.0915 - 4.500 projection of High Jul 1 and key resistance

*RES 2: $2.0653 - 4.236 projection of High Jul 1 and key resistance

*RES 1: $2.0351 - Intraday high

*PRICE: $2.0344 @ 07:52 BST Jul 11

*SUP 1: $2.0000 - Round number support

*SUP 2: $1.9276 - Low Jul 10

*SUP 3: $1.8838 - Low Jul 5

*SUP 4: $1.8623 - Low Jul 3 and today's bear trigger

RBOB cleared its former key resistance yesterday at 1.9653, the low of Jul 1 to

confirm a resumption of the uptrend that began off the Jun low. The Apr highs

are also coming under pressure and a clear breach of this $2.0325 resistance

would pave the way for strength towards the current bull channel top at $2.1207.

The bull channel is drawn off the Jun 18 low. $2.0000 marks initial support.

Look for the upside to extend.