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NYMEX RBOB: (U18) Rally Losing Steam......>

OIL TECHS
OIL TECHS: NYMEX RBOB: (U18) Rally Losing Steam
*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: $2.0770 @ 04:14 GMT 
*SUP 1: $2.0386 - High Aug 21 now support
*SUP 2: $1.9864 - 200-DMA 
*SUP 3: $1.9671 - Low August 16 
*SUP 4: $1.9061 - Low April 6 
Sep-2018 RBOB futures failed to break above $2.1000 yesterday triggering
declines with prices remaining shy of the Aug 7 and July 27 highs. The picture
is neutral at present but lower highs continue to be established suggesting that
a break back below $2.0386 would put bears in charge allowing a run at the
200-dma. Bulls require a close above the Aug 7 peak to renew upside momentum and
target the May 31 peak. 

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