NYMEX RBOB (V19): Trades below $1.4975....>

OIL TECHS: NYMEX RBOB (V19): Trades below $1.4975

*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: $1.5808 - Trendline resistance drawn off the Jul 11 high

*PRICE: $1.4994 @ 06:53 BST Sep 3

*SUP 1: $1.4905 - Intraday low

*SUP 2: $1.4812 - Low Aug 8

*SUP 3: $1.4609 - Low Aug 7 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 gains Friday, leaving intact key resistance

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

highs. Today, prices have also traded below $1.4973 signalling potential for a

decline towards the $1.4609, Aug 7 low and bear trigger. On the upside, a break

of $1.5834 - $1.5979 is required to highlight a stronger bullish theme. Note

trendline resistance is at $1.5808, drawn off the Jul 11 high.