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NYMEX RBOB: (V17) $1.6734-1.6937..........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (V17) $1.6734-1.6937 Resistance Region Key
*RES 4: $1.7102 - Hourly resistance Sept 4
*RES 3: $1.6937 - High Sept 7
*RES 2: $1.6734 - High Sept 8
*RES 1: $1.6391 - Hourly resistance Sept 12
*PRICE: $1.6336 @ 0430GMT
*SUP 1: $1.6221 - Hourly support Sept 11
*SUP 2: $1.6119 - Daily Bull channel base
*SUP 3: $1.6006 - Low Sept 11
*SUP 4: $1.5895 - 21-DMA
*COMMENTARY: Daily studies correcting from O/B are weighing and resulted in a
dip back to the daily bull channel base Monday. Bears now look for a close below
the 21-DMA to shift focus to 55 ($1.5063) & 200 ($1.5174) DMAs. Bulls take a
little comfort in the bounce from the daily bear channel base but now look for a
close above $1.6734 to gain breathing room and above $1.6937 to return focus to
$1.7509-1.7832.

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