NYMEX RBOB: (U18) Bears Need Close........>

OIL TECHS: NYMEX RBOB: (U18) Bears Need Close Below $1.9664

*RES 4: $2.0871 - High July 13

*RES 3: $2.0547 - 21-DMA

*RES 2: $2.0181 - Low July 12 now resistance

*RES 1: $2.0011 - High July 17

*PRICE: $1.9866 @ 0430GMT

*SUP 1: $1.9664 - Monthly Low June 21

*SUP 2: $1.9513 - Bollinger band base

*SUP 3: $1.9399 - 200-DMA

*SUP 4: $1.9029 - Monthly Low Apr 4

*COMMENTARY: The bounce back to the 55-DMA failed to gain topside traction with

the sell-off resulting in a close below the bull channel base off Feb 14 lows

and pressure on the $1.9029-1.9664 support region where monthly lows and the

200-DMA are noted. Bulls now need a close above $2.0181 to gain breathing room

and above the 21-DMA to return initial focus to the 55-DMA ($2.0962). Bears need

a close below $1.9664 to add weight to their case.