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NYMEX RBOB (V19): Key support at..........>

OIL TECHS
OIL TECHS: NYMEX RBOB (V19): Key support at $1.5093
*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: $1.5545 @ 06:42 BST Sep 13
*SUP 1: $1.5093 - Low Sep 6 and key intraday support
*SUP 2: $1.4667 - Low Sep 4
*SUP 3: $1.4475 - Low Sep 3 and key support
*SUP 4: $1.4214 - 1.618 projection of Jul 11 - 18 decline from Jul 31 high
RBOB has been unable thus far to follow through on this week's move above
$1.5979, Aug 13 high. Yesterday, activity traded below former trendline
resistance drawn off the Jul 11 high, however a bounce has left prices trading
back above the trendline. Key support is at $1.5093, Sep 6 low and needs to
remain intact if we are to see a push higher. A break of resistance at $1.6208,
Wednesday's high would trigger fresh gains. Sub $1.5093 levels expose $1.4475.

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