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NYMEX RBOB: (U18) Further Upside Likely...>

OIL TECHS
OIL TECHS: NYMEX RBOB: (U18) Further Upside Likely
*RES 4: $2.2467 - High May 22 
*RES 3: $2.1741 - High May 31 
*RES 2: $2.1531 - High July 10 
*RES 1: $2.1364 - High July 27
*PRICE: $2.0964 @ 0520GMT 
*SUP 1: $2.0523 - Low August 6 
*SUP 2: $2.0226 - Low August 2 
*SUP 3: $1.9715 - Low July 17 
*SUP 4: $1.9687 - 200-DMA 
RBOB has broken to the upside out of its two-day tight trading range and is
approaching key resistance at the July 27 high of $2.1362, a break of which
would add to the upside momentum and suggest a large bullish continuation
pattern is in play. On the downside, bears need to break below Monday's low of
$2.0523 to shift the focus lower towards the August 2 lows at $2.0226.
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