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NYMEX RBOB: (U18) 200-DMA Support.........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (U18) 200-DMA Support Holding Firm
*RES 4: $2.1741 - High May 31 
*RES 3: $2.1531 - High July 10 
*RES 2: $2.0985 - High August 8
*RES 1: $2.0689 - High August 14
*PRICE: $2.0166 @ 05:25 GMT 
*SUP 1: $1.9794 - 200-DMA 
*SUP 2: $1.9671 - Low August 16 
*SUP 3: $1.9061 - Low April 6 
*SUP 4: $1.8152 - Low March 2 
RBOB managed to hold crucial support at its 200-dma yesterday as it outperformed
the other oil benchmarks to overcome Friday's highs. Bulls now need to extend
the gains above the August 14 high of $2.0689 to maintain bullish momentum and
suggest a base has been formed. Below here bears will continue to target the
200-dma and August 16 low.  

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