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NYMEX RBOB: (X17) $1.5705-1.5912..........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (X17) $1.5705-1.5912 Support Key
*RES 4: $1.6517 - Hourly resistance Sept 26
*RES 3: $1.6394 - Hourly resistance Sept 27a
*RES 2: $1.6289 - Hourly resistance Sept 27
*RES 1: $1.6067 - Hourly resistance Sept 28
*PRICE: $1.6015 @ 0430GMT
*SUP 1: $1.5912 - Low Sept 21
*SUP 2: $1.5828 - Low Sept 15
*SUP 3: $1.5705 - Low Sept 12 now resistance
*SUP 4: $1.5430 - Low Sept 5
*COMMENTARY: The daily bull channel top ($1.6850) continues to cap with the
sell-off from fresh 2017 highs leaving the contract looking a little heavy.
Focus is now on the $1.5705-1.5912 support region with a close below needed to
shift focus to $1.5217-1.5430 where the 55-DMA and bull channel base are
situated. Resistance layers continue to accumulate and weigh with bulls needing
a close above $1.6394 to ease bearish pressure.

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