NYMEX RBOB (V19): Looking for a move......>

OIL TECHS: NYMEX RBOB (V19): Looking for a move lower

*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: $1.6404 @ 06:50 BST Sep 25

*SUP 1: $1.6357 - Low Sep 24

*SUP 2: $1.6208 - High Sep 11 and initial gap low

*SUP 3: $1.5815 - High Sep 12

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

RBOB is still trading in a range. Near-term bearish pressure is expected to

dominate though and attention is on $1.6208, Sep 11 high. A print of this level

would 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 price spike

on Sep 16. $1.6370, Sep 16 low was probed yesterday. A break of $1.6357 would

signal scope for an extension of the recent pullback. $1.7128 marks resistance.