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

OIL TECHS
OIL TECHS: NYMEX RBOB: (V18) Back To Neutral
*RES 4: $2.3000 - Bull flag breakout target 
*RES 3: $2.2000 - Resistance 
*RES 2: $2.1150 - High May 22 
*RES 1: $2.0624 - High Sep 4 
*PRICE: $1.9957 @ 04:57 GMT 
*SUP 1: $1.9260 - Low Sep 6 
*SUP 2: $1.9139 - Low Aug 22 
*SUP 3: $1.8662 - Low Aug 16 
*SUP 4: $1.8754 - 200-dma 
Oct-18 RBOB is failing to cling on to the $2.0 as the outlook turns neutral and
bears target the Sep 6 low at $1.9260 in an attempt to open up the Aug 22 lows
and shift the outlook bearish. Bigger picture the outlook remains positive but
bulls need to overcome the Sep 4 high of $2.0624 in order to accelerate gains
and target the May 22 top. A break above this level would suggest a bullish
continuation pattern is playing out, opening up the May 22 high at $2.1150. 

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