NYMEX RBOB: (U17) Bears Need Close........>

OIL TECHS: NYMEX RBOB: (U17) Bears Need Close Below 200-DMA

*RES 4: $1.6846 - High Aug 1

*RES 3: $1.6687 - Hourly resistance Aug 1

*RES 2: $1.6569 - High Aug 3

*RES 1: $1.6388 - Hourly resistance Aug 4

*PRICE: $1.6323 @ 0430GMT

*SUP 1: $1.6216 - 200-DMA

*SUP 2: $1.6200 - Hourly support July 28a

*SUP 3: $1.5845 - Hourly support July 26

*SUP 4: $1.5601 - 100-DMA

*COMMENTARY: Correcting O/B daily studies are weighing on the contract with

bears 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 $1.5601-1.5707 where the 100-DMA and bull channel base are located. The

$1.6687 resistance remains key with bulls needing a close above to return focus

to $1.6956-1.7288.