NYMEX RBOB: (U18) Neutral ST Outlook......>

OIL TECHS: NYMEX RBOB: (U18) Neutral ST Outlook

*RES 4: $2.1288 - High July 30 

*RES 3: $2.1006 - Hourly support now resistance 

*RES 2: $2.0955 - Hourly High July 31 

*RES 1: $2.0906 - High August 3 

*PRICE: $2.0651 @ 0555GMT 

*SUP 1: $2.0547 - Low August 3 

*SUP 2: $2.0226 - Low August 2 

*SUP 3: $1.9715 - Low July 17 

*SUP 4: $1.9648 - 200-DMA 

The contract continues to trade in lackluster fashion as it looks for direction,

with the broader trend looking like a bullish consolidation pattern but the

short-term outlook remaining neutral. Bulls need a rally above the August high

at $2.0906 in order to mount a challenge at the late-July highs and extend the

longer-term bullish trend. On the downside, bears need to break below the August

2 lows to target the July 17 low and bring the 200-DMA into focus.