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

OIL TECHS
OIL TECHS: NYMEX RBOB: (U18) 200-DMA Support Key
*RES 4: $2.1741 - High May 31
*RES 3: $2.1531 - High July 10
*RES 2: $2.0985 - High August 8
*RES 1: $2.0687/89 - 100-DMA/High August 14
*PRICE: $2.0240 @ 03:21 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
After holding above key 200-dma support on Monday, RBOB squeezed back above the
$2.00 level before topping out ahead of $2.0400. Bulls now need to extend the
gains above the 100-dma & August 14 high of $2.0687/89 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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