NYMEX RBOB (U19): Trading just below......>

OIL TECHS: NYMEX RBOB (U19): Trading just below the trendline

*RES 4: $1.6141 - High Aug 5

*RES 3: $1.5979 - High Aug 13 and directional trigger

*RES 2: $1.5834/5971 - High Aug 21 / 50-day EMA

*RES 1: $1.5866 - Trendline resistance drawn off the Jul 11 high

*PRICE: $1.5690 @ 07:23 BST Aug 30

*SUP 1: $1.5436 - Low Aug 28

*SUP 2: $1.4973 - Low Aug 15 key near-term support

*SUP 3: $1.4609 - Low Aug7 and bear trigger

*SUP 4: $1.4133 - 1.00 projection of Apr 22-Jun 5 decline off Jul 11 high

RBOB key resistance is located between $1.5834 - $1.5979 representing the 50-day

EMA and Aug 13/21 highs. Clearance of this band is required to highlight a

stronger bullish theme that would also confirm a break of trendline resistance

at $1.5866, drawn off the Jul 11 high. A failure to hold onto gains would alert

bears with the key support, to trigger deeper losses at the $1.4973, Aug 15 low.

This would open key support at $1.4609, the low of Aug 7.