NYMEX RBOB: (U18) Close Below $2.1067...>

NATURAL GAS: NYMEX RBOB: (U18) Close Below $2.1067 Would Strengthen Bearish Case

*RES 4: $2.1741 - High May 31 

*RES 3: $2.1531 - High July 10 

*RES 2: $2.1364 - High July 27 

*RES 1: $2.1288 - High July 30 

*PRICE: $2.1095 @ 0420GMT 

*SUP 1: $2.1067 - Low July 30

*SUP 2: $2.0926 - 55-DMA

*SUP 2: $2.0814 - Low July 26 

*SUP 3: $2.0559 - Low July 25 

*SUP 4: $2.0554 - Hourly support July 24 

The contract fails to break above the bear channel from the May 22 high but is

so far clinging onto support. Bulls need to push above Friday's high at $2.1364

to mount another attempt to break into a higher range. Bears need a close below

$2.1067 to break the July uptrend and move the focus lower.