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OIL TECHS: NYMEX RBOB: (V17) Double Daily Top Provides Correction
*RES 4: $1.8076 - Low Aug 30 now resistance (continuation)
*RES 3: $1.7832 - 2017 High Sept 1
*RES 2: $1.7509 - Hourly resistance Sept 4a
*RES 1: $1.7102 - Hourly resistance Sept 4
*PRICE: $1.6789 @ 0430GMT
*SUP 1: $1.6579 - Low Sept 4
*SUP 2: $1.6042 - Low Aug 30
*SUP 3: $1.5586 - 21-DMA
*SUP 4: $1.5511 - Low Aug 29
*COMMENTARY: Gains last week have left a double daily top in play ($1.7825-32)
with the contract looking a little heavy. Daily studies looking to correct from
O/B and the Bollinger top ($1.7243) remain concerns for bulls and increase the
risk of a deeper correction. Bears now look for a close below $1.6042 to
initially target $1.5511-86 where the 21-DMA is located.