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NYMEX RBOB: (X17) 55-DMA Support..........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (X17) 55-DMA Support Remains Key
*RES 4: $1.6025 - Hourly support Sept 29 now resistance
*RES 3: $1.5915 - Hourly resistance Oct 2
*RES 2: $1.5727 - Hourly support Oct 2 now resistance
*RES 1: $1.5529 - Hourly support Oct 3 now resistance
*PRICE: $1.5468 @ 0330GMT
*SUP 1: $1.5444 - Daily Bull channel base
*SUP 2: $1.5421 - Low Oct 2
*SUP 3: $1.5338 - 55-DMA
*SUP 4: $1.4914 - 200-DMA
*COMMENTARY: The daily bull channel top ($1.6998) capped last week with the
sell-off from fresh 2017 highs pressuring the bull channel base. Bears need a
close below the 55-DMA to confirm a break and shift focus to $1.4555-4914 where
100 & 200-DMAs are situated. The Bollinger base ($1.5458) is the key concern for
bears. Layers of resistance are weighing with bulls needing a close above
$1.5727 to gain breathing room.

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