NYMEX RBOB (Q19): Probes channel..........>

OIL TECHS: NYMEX RBOB (Q19): Probes channel support

*RES 4: $2.1439 - 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: $1.9454 @ 06:47 BST Jul 15

*SUP 1: $1.9412 - Intraday low

*SUP 2: $1.9276 - Low Jul 10

*SUP 3: $1.8838 - Low Jul 5

*SUP 4: $1.8623 - Low Jul 3

RBOB last week cleared its former key resistance at 1.9653, the high of Jul 1 to

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

also tested and a clear breach of this $2.0325 resistance would pave the way for

strength towards the bull channel top currently at $2.1439. The channel is drawn

off the Jun 18 low. The base of the channel at 1.9645 has today been probed. A

daily close below the line would be a concern for bulls.