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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: $1.7246 - 61.8% of the decline from Sep 16 high to Sep 18 low
*RES 1: $1.7123 - High Sep 19
*PRICE: $1.6983 @ 06:38 BST Sep 20
*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 was firmer yesterday however activity is much quieter in contrast to the
volatile period earlier this week. For now the focus is on the downside and
initially 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 created by Monday's spike. The trigger for a resumption of weakness
is Monday's low of 1.6370. Yday's high of 1.7123 marks initial resistance.

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