NYMEX RBOB (V19): Sharp reversal *RES.....>

OIL TECHS: NYMEX RBOB (V19): Sharp reversal

*RES 4: $1.8173 - High May 17

*RES 3: $1.7962 - High Jul 11

*RES 2: $1.7785 - High Sep 16

*RES 1: $1.7118 - Intraday high during the US session, Sep 17

*PRICE: $1.6752 @ 06:37 BST Sep 18

*SUP 1: $1.6512 - Low Sep 17

*SUP 2: $1.6370 - Low Sep16

*SUP 3: $1.6208 - High Sep 11 and gap low

*SUP 4: $1.5815 - High Sep 12

RBOB also pulled back sharply yesterday after a Reuters report that Saudi

Arabian oil output is to return to normal levels quicker than originally

thought. With the market unwinding Monday's spike, the focus is 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. $1.7118, an intraday high is initial resistance.