NYMEX RBOB (U19): Watch directional.......>

OIL TECHS: NYMEX RBOB (U19): Watch directional triggers

*RES 4: $1.7894 - Trendline resistance drawn off the Jul 11 high

*RES 3: $1.7698/7736 - 50-day EMA / Low Jul 18

*RES 2: $1.7456 - High Aug 13 and directional trigger

*RES 1: $1.6741 - High Aug 15

*PRICE: $1.6695 @ 06:10 BST Aug 19

*SUP 1: $1.6303 - Low Aug 15

*SUP 2: $1.6111 - Low Aug 7 and key support

*SUP 3: $1.6062 - Low Jun 5

*SUP 4: $1.5794 - 1.00 projection of Apr 22-Jun 5 decline off Jul 11 high

RBOB key directional parameters have been defined at $1.6111 and 1.7456 with a

more neutral tone in place for now. For bulls, a break of 1.7456, the Aug 13

high would be encouraging. This would signal scope for a stronger recovery that

would open $1.7698 initially, the 50-day EMA and trendline resistance at

$1.7894, drawn off the Jul 11 high. Failure to hold above support at $.6111

would confirm a resumption of the downtrend and open $1.6062 and $1.5794.