NYMEX RBOB: (U17) Focus On................>

OIL TECHS: NYMEX RBOB: (U17) Focus On $1.6116-1.6501

*RES 4: $1.6344 - Daily Bull channel top

*RES 3: $1.6220 - 200-DMA

*RES 2: $1.6116 - Daily Bear channel top

*RES 1: $1.5974 - High July 26

*PRICE: $1.5936 @ 0430GMT

*SUP 1: $1.5845 - Hourly support July 26

*SUP 2: $1.5685 - Hourly support July 26a

*SUP 3: $1.5593 - Low July 26

*SUP 4: $1.5530 - Hourly resistance July 21 now support

*COMMENTARY: The move that began with a bounce from the 55-DMA ($1.5201) now

sees bulls focused on layers of resistance $1.6116-1.6501 where monthly highs,

the 200-DMA and channel tops are located. Bears need a close below $1.5845 to

gain breathing room and below $1.5530 to confirm a break of the 100-DMA

($1.5557) and shift focus back to $1.5293-1.5350 where 21 & 55-DMAs and the bull

channel base are situated.