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NYMEX RBOB: (V18) Weak Close Warrants.....>

OIL TECHS
OIL TECHS: NYMEX RBOB: (V18) Weak Close Warrants Caution
*RES 4: $2.3000 - Bull flag breakout target 
*RES 3: $2.1150 - High May 22 
*RES 2: $2.0624 - High Sep 4 
*RES 1: $1.9998 - High Sep 10 
*PRICE: $1.9853 @ 05:58 GMT 
*SUP 1: $1.9139 - Law Aug 22 
*SUP 2: $1.8662 - Low Aug 16 
*SUP 3: $1.8710 - 200-dma 
*SUP 4: $1.7762 - Low April 6 
Yesterday's early gains proved temporary as Oct-18 RBOB futures failed to break
back above $2.0 and closed on its lows to suggest there is further downside to
come in the near term. A close below the 21 and 55-dmas, which come in just
below current prices, would shift the focus back to the Aug 22 low and allow
bears to challenge the 200-dma. Bulls need to overcome $2.0 to target the Sep 4
high and extend the long-term rally. 

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