NYMEX RBOB: (U18) Eroding Key.............>

OIL TECHS: NYMEX RBOB: (U18) Eroding Key Resistance Levels 

*RES 4: $2.2467 - High May 24 

*RES 3: $2.1741 - High May 31 

*RES 2: $2.1531 - High July 10 

*RES 1: $2.1364 - High July 27 

*PRICE: $2.1124 @ 04:22 GMT 

*SUP 1: $2.0386 - High Aug 21 now support 

*SUP 2: $1.9879 - 200-DMA 

*SUP 3: $1.9671 - Low August 16 

*SUP 4: $1.9061 - Low April 6 

The outlook turs bullish once again for Sep-18 RBOB futures as yesterday's break

above $2.1000 puts the July 27 high at $2.1364 in focus ahead of the July 10

high at $2.1531. Resistance levels continue to be gradually eroded as the solid

base formed at the 200-dma creates a launch pad for further gains. Bears need a

close below $2.0386 to turn the outlook neutral but the $1.96-1.98 area is

likely to be keenly defended on any weakness.