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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.

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