NYMEX RBOB: (U18) Key DMAs $2.0624-0949...>

OIL TECHS: NYMEX RBOB: (U18) Key DMAs $2.0624-0949

*RES 4: $2.0949 - 55-DMA

*RES 3: $2.0871 - High July 13

*RES 2: $2.0624 - 21-DMA

*RES 1: $2.0577 - Hourly resistance July 24

*PRICE: $2.0504 @ 0430GMT

*SUP 1: $2.0398 - Hourly support July 23

*SUP 2: $2.0086 - Alternating hourly support/resistance

*SUP 3: $1.9895 - Low July 19

*SUP 4: $1.9664 - Monthly Low June 21

*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 to end bearish

hopes and shift initial focus back to $2.1265-1531. Correcting O/S studies are

the key concern for bears and add support to the case for a correction. In

saying that, bears now need a close below $2.0086 to shift pressure back to

$1.9472-1.9664.