NYMEX RBOB: (U17) Hesitating Around.......>

OIL TECHS: NYMEX RBOB: (U17) Hesitating Around 200-DMA

*RES 4: $1.6501 - Monthly High May 24

*RES 3: $1.6403 - Daily Bull channel top

*RES 2: $1.6238 - High July 27

*RES 1: $1.6219 - 200-DMA

*PRICE: $1.6132 @ 0430GMT

*SUP 1: $1.6046 - Hourly resistance July 27 now support

*SUP 2: $1.5845 - Hourly support July 26

*SUP 3: $1.5685 - Hourly support July 26a

*SUP 4: $1.5593 - Low July 26

*COMMENTARY: Gains have defined the week so far with the contract now hesitating

around the 200-DMA. Bulls need a close above $1.6238 to confirm a break and

above $1.6501 to shift focus back to Apr highs ($1.7288). O/B daily studies and

the Bollinger top are key concerns for bulls. In saying that, bears need a close

below $1.6046 to ease pressure on the 200-DMA and below $1.5845 to shift focus

back to $1.5380-1.5593.