NYMEX RBOB: (V18) Focus Back On the.......>

OIL TECHS: NYMEX RBOB: (V18) Focus Back On the Upside

*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: $2.0400 @ 06:32 GMT 

*SUP 1: $1.9260 - Low Sep 6 

*SUP 2: $1.9139 - Low Aug 22 

*SUP 3: $1.8846 - 200-dma 

*SUP 4: $1.8593 - Low July 17 

RBOB futures have not been deterred by Friday's weak close, with bulls starting

the week on a strong note. The focus remains on the $2.0624 level ahead of a

potential return to the May 22 peak. A break above here would suggest further

gains over the medium term. On the downside the Sep 6 low of $1.9260 acts as

support, and below here lies the key Aug 22 low of $1.9139. A break below here

is needed to threaten the larger bullish trend.