NYMEX RBOB (V19): Bears eye trendline.....>

OIL TECHS: NYMEX RBOB (V19): Bears eye trendline support

*RES 4: $1.7962 - High Jul 11

*RES 3: $1.7785 - High Sep 16

*RES 2: $1.7128 - High Sep 20 and key near-term resistance

*RES 1: $1.6821 - High Sep 24

*PRICE: $1.6510 @ 07:39 BST Sep 27

*SUP 1: $1.6226 - Trendline support drawn off Sep 3 low

*SUP 2: $1.6025 - Low Sep 25

*SUP 3: $1.5815 - High Sep 12

*SUP 4: $1.5643 - High Sep 13 and gap low

RBOB recovered yesterday. Despite the bounce, the contract remains vulnerable

following this weeks move through 1.6370, Sep 16 low and below 1.6208, Sep 11

high to fill an initial gap in the chart. A deeper sell-off would open 1.5643,

Sep 13 high to fill the entire gap in the chart created by the sharp spike on

Sep 16. 1.7128 is resistance and while this level holds, the outlook is bearish.

Note trendline support lies at 1.6226 providing an additional hurdle for bulls.