NYMEX RBOB (V19): Looking to unwind.......>

OIL TECHS: NYMEX RBOB (V19): Looking to unwind further

*RES 4: $1.7962 - High Jul 11

*RES 3: $1.7785 - High Sep 16

*RES 2: $1.7118 - Intraday high during the US session, Sep 17

*RES 1: $1.6877 - High Sep 18

*PRICE: $1.6616 @ 07:16 BST Sep 19

*SUP 1: $1.6370 - Low Sep16

*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 trading in a much quieter manner following a very volatile period

earlier this week. For now the focus is on the downside and initially on 1.6208,

Sep 11 high. A print of this level would fill and 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 Monday's spike. The trigger for a resumption of weakness is

Monday's low of 1.6370. Yesterday's high of 1.6877 marks initial resistance.