NYMEX RBOB (V19): Stalled ahead of the....>

OIL TECHS: NYMEX RBOB (V19): Stalled ahead of the trendline

*RES 4: $1.6141 - High Aug 5

*RES 3: $1.5979 - High Aug 13 and directional trigger

*RES 2: $1.5834/5945 - High Aug 21 / 50-day EMA

*RES 1: $1.5791 - Trendline resistance drawn off the Jul 11 high

*PRICE: $1.5257 @ 07:23 BST Sep 2

*SUP 1: $1.4995 - Intraday low

*SUP 2: $1.4973 - Low Aug 15 key near-term support

*SUP 3: $1.4609 - Low Aug7 and bear trigger

*SUP 4: $1.4133 - 1.00 projection of Apr 22-Jun 5 decline off Jul 11 high

RBOB gave away most of last week's gain Friday, leaving intact key resistance

located between $1.5834 - $1.5979, representing the 50-day EMA and Aug 13/21

highs. Clearance of this band is required to highlight a stronger bullish theme

and would also confirm a break of trendline resistance at $1.5791, drawn off the

Jul 11 high. A breach of $1.4973, the low of Aug 15 would instead alert bears

and trigger deeper losses ahead of key support at $1.4609, the low of Aug 7.