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

OIL TECHS: NYMEX RBOB: (V17) Bulls Need Close Above $1.6937

*RES 4: $1.7509 - Hourly resistance Sept 4a

*RES 3: $1.7102 - Hourly resistance Sept 4

*RES 2: $1.6937 - High Sept 7

*RES 1: $1.6734 - High Sept 8

*PRICE: $1.6562 @ 0430GMT

*SUP 1: $1.6336 - Low Sept 8

*SUP 2: $1.6042 - Low Aug 30

*SUP 3: $1.6042 - Low Aug 30

*SUP 4: $1.5850 - 21-DMA

*COMMENTARY: Daily studies correcting from O/B remain they key concern for bulls

and continue to weigh on the contract. Initial resistance is now noted at

$1.6734 but bulls continue to look for a close above $1.6937 to ease renewed

bearish pressure and return initial focus to $1.7509-1.7832 where 2017 highs are

noted. Bears now focus on $1.5850-1.6042 where the 21-DMA is noted with below

$1.6336 to add weight to their case.