NYMEX RBOB: (X17) Bears Look For Close....>

OIL TECHS: NYMEX RBOB: (X17) Bears Look For Close Below 55-DMA

*RES 4: $1.6106 - Hourly support Oct 6 now resistance

*RES 3: $1.5899 - High Oct 4 now support

*RES 2: $1.5727 - Alternating hourly support/resistance

*RES 1: $1.5653 - Hourly resistance Oct 6

*PRICE: $1.5512 @ 0330GMT

*SUP 1: $1.5440 - Bollinger band base

*SUP 2: $1.5425 - 55-DMA

*SUP 3: $1.4913 - 200-DMA

*SUP 4: $1.4841 - Low Aug 25

*COMMENTARY: Pressure returning to the daily bull channel base ($1.5556) Friday

took its toll with the contract currently trading below and pressuring the

55-DMA. Bears need a close below the 55-DMA to end bullish hopes and shift focus

to $1.4555-1.4913 where 100 & 200-DMAs are situated. Layers of resistance are

weighing with bulls now needing a close above $1.5727 to gain breathing room and

above $1.5899 to shift focus back to $1.6330-1.6510.