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NYMEX RBOB: (V18) Bulls Regain Momentum...>

OIL TECHS
OIL TECHS: NYMEX RBOB: (V18) Bulls Regain Momentum
*RES 4: $2.3000 - Bull flag breakout target 
*RES 3: $2.1150 - High May 22 
*RES 2: $2.0475 - High May 31 
*RES 1: $2.0404 - High July 10 
*PRICE: $2.0281 @ 05:15 GMT 
*SUP 1: $1.9420 - Low Aug 29 
*SUP 2: $1.8662 - Low Aug 16 
*SUP 3: $1.8646 - 200-dma 
*SUP 4: $1.7762 - Low April 6 
Bulls regained the momentum following yesterday's rally but the July 10 high
remains intact for now and break above here will be needed to allow the contract
to target its May highs. Bears need a close below $1.9420 to turn the outlook
neutral but the 200-dma at $1.8646 would need to give way for the outlook to
turn outright bearish.

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