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

OIL TECHS: NYMEX RBOB: (U18) Bulls Need Close Above 55-DMA

*RES 4: $2.1531 - High July 10

*RES 3: $2.1265 - Low July 10 now resistance

*RES 2: $2.1013 - 55-DMA

*RES 1: $2.0871 - High July 13

*PRICE: $2.0706 @ 0430GMT

*SUP 1: $2.0553 - Hourly resistance July 13 now support

*SUP 2: $2.0181 - Low July 12

*SUP 3: $1.9994 - Daily Bull channel base off Feb 14 low

*SUP 4: $1.9940 - Low June 26

*COMMENTARY: Bears failed to gain traction below the 100-DMA ($2.0344) last week

with U18 recovering to return focus to the 55-DMA. Bulls look for a close above

the 55-DMA to shift initial focus back to $2.1265-1531 where July highs so far

are noted. Bears now need a close below $2.0553 to gain breathing room and below

$1.9664 to pressure the 200-DMA ($1.9373.