NYMEX RBOB (V19): Bulls still in charge...>

OIL TECHS: NYMEX RBOB (V19): Bulls still in charge

*RES 4: $1.6630 - 61.8% retracement of Jul 11 - Sep 3 decline

*RES 3: $1.6446 - High Aug 2

*RES 2: $1.6218 - 50% retracement of Jul 11 - Sep 3 decline

*RES 1: $1.6208 - High Sep 11

*PRICE: $1.5769 @ 07:32 BST Sep 12

*SUP 1: $1.5645 - Low Sep 11

*SUP 2: $1.5401 - Trendline resistance-now-support drawn off Jul 11 high

*SUP 3: $1.5093 - Low Sep 6

*SUP 4: $1.4667 - Low Sep 4

RBOB Has been unable thus far to follow through on this week's move above

$1.5979, Aug 13 high. The outlook however remains bullish following the breach

on Sep 6 of trendline resistance drawn off the Jul 11 high. Support at this

former trendline intersects at $1.5401 today and marks an important near-term

level. The focus is on yesterday's high of $1.6208 where a break would confirm a

resumption of the uptrend and open $1.6446, Aug 2 high and $1.6908 further out.