NYMEX RBOB: (V18) Looking Precarious .....>

OIL TECHS: NYMEX RBOB: (V18) Looking Precarious 

*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: $1.9635 @ 05:13 GMT 

*SUP 1: $1.9500 - Pivot area 

*SUP 2: $1.8662 - Low Aug 16 

*SUP 3: $1.8671 - 200-dma 

*SUP 4: $1.7762 - Low April 6 

Oct-18 RBOB futures continue to underperform among the oil benchmarks, with

yesterday's losses extending the weakness following Tuesday's key reversal day.

Bulls need to regain $2 to stop downside momentum intensifying and allow the

focus to shift back to the May 22 highs. The bigger picture remains bullish for

now but a break below the $1.95 pivot area would shift open up the Aug 16 lows.

Below here would shift the outlook decidedly bearish.