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NYMEX RBOB: (U18) Focus Remains Lower.....>

OIL TECHS
OIL TECHS: NYMEX RBOB: (U18) Focus Remains Lower
*RES 4: $2.1364 - High July 27 
*RES 3: $2.1288 - High July 30 
*RES 2: $2.1006 - Hourly support now resistance 
*RES 1: $2.0955 - Hourly High July 31 
*PRICE: $2.0735 @ 0245GMT 
*SUP 1: $2.0627 - Low July 31 
*SUP 2: $2.0559 - Low July 25 
*SUP 3: $1.9895 - Low July 19 
*SUP 4: $1.9715 - Low July 17 
The false break of the bear channel last Friday has triggered a bearish reversal
with the focus on further downside as July 17 lows come into play. Bulls will
need to recover the hourly high at $2.0955 in the first instance if they are to
gain some breathing room following recent losses. 

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