NYMEX RBOB: (U18) $2.1265 Resistance......>

OIL TECHS: NYMEX RBOB: (U18) $2.1265 Resistance Key Today

*RES 4: $2.1741 - High May 31

*RES 3: $2.1613 - Bollinger band top

*RES 2: $2.1531 - High July 10

*RES 1: $2.1265 - Low July 10 now resistance

*PRICE: $2.1137 @ 0430GMT

*SUP 1: $2.1010 - Hourly support July 26

*SUP 2: $2.0798 - Hourly support July 25

*SUP 3: $2.0554 - Hourly support July 24

*SUP 4: $2.0398 - Hourly support July 23

*COMMENTARY: Thursday's rally saw a close above the 55-DMA ($2.0945) with the

contract now flirting with the bear channel top ($2.1157). Bulls now look for a

close above $2.1265 to confirm a break of the channel top and initially pressure

$2.1531 with overall focus shifting to $2.1909. Bears now need a close below

$2.0798 to ease bullish pressure.