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NYMEX RBOB: (U17) 200-DMA Support Key.....>

OIL TECHS
OIL TECHS: NYMEX RBOB: (U17) 200-DMA Support Key
*RES 4: $1.7288 - Monthly High Apr 12
*RES 3: $1.6956 - Low Apr 17 now resistance
*RES 2: $1.6846 - High Aug 1
*RES 1: $1.6687 - Hourly resistance Aug 1
*PRICE: $1.6397 @ 0430GMT
*SUP 1: $1.6291 - Low Aug 2
*SUP 2: $1.6219 - 200-DMA
*SUP 3: $1.6200 - Hourly support July 28a
*SUP 4: $1.5845 - Hourly support July 26
*COMMENTARY: Correcting O/B daily studies are weighing on the contract with
bears now needing a close below the 200-DMA to confirm an easing of bullish
pressure and a shift in immediate focus back to $1.5845. Below $1.5845 is needed
to target $1.5596-1.5647 where the 100-DMA and bull channel base are located.
The $1.6687 resistance remains key with bulls needing a close above to retain
focus on $1.6956-1.7288.

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