NYMEX RBOB: (U18) Aug 7 High Still........>

OIL TECHS: NYMEX RBOB: (U18) Aug 7 High Still Tough To Overcome

*RES 4: $2.1741 - High May 31 

*RES 3: $2.1531 - High July 10 

*RES 2: $2.1364 - High July 27 

*RES 1: $2.1056 - High August 7 

*PRICE: $2.0857 @ 06:02 GMT 

*SUP 1: $2.0230 - Breakout level Aug 22 

*SUP 2: $1.9841 - 200-DMA 

*SUP 3: $1.9671 - Low August 16 

*SUP 4: $1.9061 - Low April 6 

Sep-2018 RBOB futures continue to underperform the rest of the oil benchmarks,

having so far failed to overcome the Aug 7 high at $2.1056. Bulls need to take

out this level to keep the momentum to the upside and target the May 31 peak.

The solid base formed at the 200-dma makes a strong case for continued gains.

Bears need to close back below $2.0230 to give them some breathing room but

below the 200-dma support is needed to shift the focus lower.