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NYMEX RBOB: (V17) Immediate Focus On......>

OIL TECHS
OIL TECHS: NYMEX RBOB: (V17) Immediate Focus On Bull Channel Top
*RES 4: $1.9148 - Low Aug 31 now resistance (continuation)
*RES 3: $1.8076 - Low Aug 30 now resistance (continuation)
*RES 2: $1.7870 - Weekly Bull channel top
*RES 1: $1.7832 - 2017 High Sept 1
*PRICE: $1.7726 @ 0430GMT
*SUP 1: $1.7480 - Hourly support Aug 31
*SUP 2: $1.7231 - Hourly support Aug 31a
*SUP 3: $1.6895 - Hourly resistance Aug 31 now support
*SUP 4: $1.6531 - Hourly support Aug 30
*COMMENTARY: The rally that began with a dip back to the 100-DMA ($1.4616)
continues with fresh 2017 highs seeing immediate focus now on the weekly bull
channel top. The Bollinger top and O/B studies remain key concerns for bulls and
hint the move is a little overdone. Bears now need a close below $1.7231 to ease
bullish pressure and below $1.6895 to shift focus back to $1.6042.

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