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NYMEX RBOB: (V17) Bears Need Close........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (V17) Bears Need Close Below 200-DMA
*RES 4: $1.5669 - High Aug 1
*RES 3: $1.5579 - High Aug 7
*RES 2: $1.5535 - High Aug 10
*RES 1: $1.5430 - High Aug 18
*PRICE: $1.5282 @ 0430GMT
*SUP 1: $1.5125 - Hourly resistance Aug 18 now support
*SUP 2: $1.5036 - 200-DMA
*SUP 3: $1.4890 - Hourly support Aug 18
*SUP 4: $1.4825 - Hourly resistance Aug 17 now support
*COMMENTARY: The bounce from the 100-DMA ($1.4547) saw pressure return to the
200-DMA and bulls taking advantage Friday with a rally towards the
$1.5579-1.5669 resistance region. Above $1.5669 is now needed to reconfirm the
bullish bias and initially target $1.6068-1.6248. The $1.5036-1.5125 support
region is now key. Bears need a close below $1.5125 to ease bullish pressure and
below the 200-DMA to shift focus back to $1.4334-1.4547.

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