NYMEX RBOB: (U18) Key DMAs $2.0369-0955...>

OIL TECHS: NYMEX RBOB: (U18) Key DMAs $2.0369-0955

*RES 4: $2.0955 - 55-DMA

*RES 3: $2.0871 - High July 13

*RES 2: $2.0574 - 21-DMA

*RES 1: $2.0369 - 100-DMA

*PRICE: $2.0208 @ 0430GMT

*SUP 1: $2.0086 - Alternating hourly support/resistance

*SUP 2: $1.9895 - Low July 19

*SUP 3: $1.9664 - Monthly Low June 21

*SUP 4: $1.9435 - 200-DMA

*COMMENTARY: Failure to break the $1.9664 support combined with modestly O/S

studies looking to correct resulted in a bounce Wednesday. Focus has now

returned to key DMAs $2.0369-095 with a close above the 55-DMA to confirm

immediate focus on $2.1265-1531 and hint at a move back to $2.1909-2467. Bears

now need a close below $2.0086 to return initial focus to $1.9664.