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NYMEX RBOB: (U17) $1.6324 Resistance......>

OIL TECHS
OIL TECHS: NYMEX RBOB: (U17) $1.6324 Resistance Key Today
*RES 4: $1.6846 - High Aug 1
*RES 3: $1.6687 - Hourly resistance Aug 1
*RES 2: $1.6569 - High Aug 3
*RES 1: $1.6324 - Hourly resistance Aug 7
*PRICE: $1.6253 @ 0430GMT
*SUP 1: $1.6042 - Low Aug 7
*SUP 2: $1.5853 - 21-DMA
*SUP 3: $1.5826 - Daily Bull channel base
*SUP 4: $1.5611 - 100-DMA
*COMMENTARY: The dip below the 200-DMA ($1.6212) lacked follow through Monday
but the recovery is starting to struggle. Bulls look for a close above $1.6324
today to gain breathing room and above $1.6687 to return focus to
$1.6956-1.7288. While $1.6324 caps pressure now remains on $1.5593-1.5853 where
the daily bull channel base and 21-DMA are located.

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