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NYMEX RBOB: (V17) Bulls Focused On........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (V17) Bulls Focused On $1.5669
*RES 4: $1.5669 - High Aug 1
*RES 3: $1.5671 - Bollinger band top
*RES 2: $1.5579 - High Aug 7
*RES 1: $1.5430 - High Aug 18
*PRICE: $1.5335 @ 0430GMT
*SUP 1: $1.5267 - Hourly support Aug 23
*SUP 2: $1.5166 - Alternating hourly support/resistance
*SUP 3: $1.4984 - Hourly resistance Aug 23 now support
*SUP 4: $1.4853 - Low Aug 21
*COMMENTARY: Focus has returned to layers of resistance $1.5430-1.5669 following
Wednesday's rally and close above 21 ($1.5200) & 200 ($1.5048) DMAs. Bulls now
look for a close above $1.5669 to reconfirm a bullish bias and initially target
$1.6019-1.6248 where monthly highs are located. The $1.5166 support is key today
with a close below needed to ease bullish pressure and shift focus back to
$1.4403-1.4853.

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