NYMEX RBOB: (U18) Flirting With 55-DMA....>

OIL TECHS: NYMEX RBOB: (U18) Flirting With 55-DMA

*RES 4: $2.1741 - High May 31

*RES 3: $2.1531 - High July 10

*RES 2: $2.1265 - Low July 10 now resistance

*RES 1: $2.1186 - Daily bear channel top off May 22 high

*PRICE: $2.0957 @ 0430GMT

*SUP 1: $2.0798 - Hourly support July 25

*SUP 2: $2.0554 - Hourly support July 24

*SUP 3: $2.0398 - Hourly support July 23

*SUP 4: $2.0086 - Alternating hourly support/resistance

*COMMENTARY: Bulls take comfort in the recovery from last week's low and support

emerging ahead of $1.9664. Bulls need a close above the 55-DMA ($2.0947) to end

bearish hopes and shift initial focus back to $2.1186-1531. Correcting O/S

studies are the key concern for bears and added support to the case for a

correction. In saying that, bears now need a close below $2.0798 to ease bullish

pressure.