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NYMEX RBOB: (U18) *RES 4: $2.1741 -......>

OIL TECHS
OIL TECHS: NYMEX RBOB: (U18) 
*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: $2.0314 @ 07:52 GMT 
*SUP 1: $1.9715 - Low July 17 
*SUP 2: $1.9699 - 200-DMA 
*SUP 3: $1.9061 - Low April 6 
*SUP 4: $1.8152 - Low March 2
Trend indicators are giving bearish signals despite the rebound seen at the end
of last week. Indeed, the 50-dma has moved lower below the 100-dma. Focus
remains on the downside. The July 17 low at $1.9715 and the 200-DMA just below
it at $1.9699 will be a line in the sand for
the bulls and a break below these levels would likely presage significant
further weakness. To arrest the downward momentum bulls need to recover $2.0985.

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