NYMEX RBOB (V19): Key resistance zone.....>

OIL TECHS: NYMEX RBOB (V19): Key resistance zone cleared

*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: $1.6131 - High Sep 10

*PRICE: $1.6054 @ 07:01 BST Sep 11

*SUP 1: $1.5664 - Low Sep 9

*SUP 2: $1.5459 - Trendline resistance-now-support drawn off Jul 11 high

*SUP 3: $1.5093 - Low Sep 6

*SUP 4: $1.4667 - Low Sep 4

RBOB is firmer. Trendline resistance drawn off the Jul 11 high has been cleared

and yesterday, resistance at $1.5979, the high of Aug 13 was breached. This

confirms a move through the entire band of resistance between $1.5828 - $1.5979

representing the 50-day EMA and Aug 13/21 highs and, also confirms a bullish

reversal. The focus is on $1.6446, Aug 2 high and $1.6908 further out, Aug 1

high. Support lies at $1.5459, the former trendline resistance.