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NYMEX RBOB: (U18) Key Support At..........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (U18) Key Support At $1.9711/15 
*RES 4: $2.1741 - High May 31 
*RES 3: $2.1531 - High July 10 
*RES 2: $2.1364 - High July 27 
*RES 1: $2.0985 - High August 8 
*PRICE: $2.0123 @ 0555GMT 
*SUP 1: $1.9715 - Low July 17 
*SUP 2: $1.9711 - 200-DMA 
*SUP 3: $1.9061 - Low April 6 
*SUP 4: $1.8152 - Low March 2 
Bears are in control as the key area of support at the July 17 low and 200-DMA
(currently at $1.9711/15) is within touching distance. A break below here would
likely mark the beginning of a bearish trend and put the April 6 lows into
focus. Bulls need to reclaim the August 8 high at $2.0985 to shift the outlook
bullish and keep the hopes of a bull flag from the May highs alive. 

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