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NYMEX RBOB: (V18) Back To Neutral *RES....>

OIL TECHS
OIL TECHS: NYMEX RBOB: (V18) Back To Neutral
*RES 4: $2.4000 - Resistance 
*RES 3: $2.3000 - Bull flag breakout target 
*RES 2: $2.1150 - High May 22 
*RES 1: $2.0624 - High Sep 4 
*PRICE: $1.9575 @ 04:34 GMT 
*SUP 1: $1.9139 - Law Aug 22 
*SUP 2: $1.8662 - Low Aug 16 
*SUP 3: $1.8671 - 200-dma 
*SUP 4: $1.7762 - Low April 6 
Oct-18 RBOB futures managed to close above their 21 and 55-dmas yesterday which
halts the decline from the Sep 4 highs. The outlook is neutral as the contract
trades back in its longer term range, with bulls looking to regain $2 to allow
the focus to shift back to the May 22 highs. A break below the Aug 22 low would
tip the balance in favour of the bears. 

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