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

OIL TECHS
OIL TECHS: NYMEX RBOB: (U18) Further Upside Likely
*RES 4: $2.1741 - High May 31 
*RES 3: $2.1531 - High July 10 
*RES 2: $2.1364 - High July 27 
*RES 1: $2.1056 - High August 7 
*PRICE: $2.0671 @ 04:15 GMT 
*SUP 1: $2.0230 - Breakout level Aug 22 
*SUP 2: $1.9818 - 200-DMA 
*SUP 3: $1.9671 - Low August 16 
*SUP 4: $1.9061 - Low April 6 
Despite giving back some of its gains following Wednesday's large rally RBOB
continues to recover from the solid based formed at the 200-dma. The August 7
high at $2.1056 is the next upside target ahead of the July 10 and May 31 peaks.
Bears need to close back below $2.0230 to give them some breathing room but
below the formidable 200-dma support is needed to shift the focus lower.

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