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NYMEX RBOB: (V17) 200-DMA Resistance......>

OIL TECHS
OIL TECHS: NYMEX RBOB: (V17) 200-DMA Resistance Key Today
*RES 4: $1.5535 - High Aug 10
*RES 3: $1.5281 - High Aug 14
*RES 2: $1.5025 - 200-DMA
*RES 1: $1.5005 - Hourly support Aug 14 now resistance
*PRICE: $1.4964 @ 0430GMT
*SUP 1: $1.4855 - Hourly support Aug 15
*SUP 2: $1.4736 - Low Aug 15
*SUP 3: $1.4544 - 100-DMA
*SUP 4: $1.4288 - 55-DMA
*COMMENTARY: The correction lower from Aug highs has resulted in closes below
the 200-DMA & bull channel base with focus now on the 100-DMA Bears now look for
a close below the 100-DMA to confirm focus on $1.4122-1.4288 where the 55-DMA is
located. The 200-DMA remains key today with bulls needing a close above to ease
immediate bearish pressure and above $1.5281 to shift focus back to
$1.5579-1.5669.

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