NYMEX RBOB: (X17) Below $1.5705 To........>

OIL TECHS: NYMEX RBOB: (X17) Below $1.5705 To Shift Focus Lower

*RES 4: $1.6701 - Daily Bull channel top A

*RES 3: $1.6319 - High Sept 18

*RES 2: $1.6259 - Hourly resistance Sept 19

*RES 1: $1.6160 - High Sept 21

*PRICE: $1.6109 @ 0430GMT

*SUP 1: $1.6048 - Hourly support Sept 21

*SUP 2: $1.5912 - Low Sept 21

*SUP 3: $1.5828 - Low Sept 15

*SUP 4: $1.5784 - 21-DMA

*COMMENTARY: Fresh 8mth highs lacked follow through Monday with daily studies

correcting from O/B the key concern for bulls. The $1.5784 support is now key.

Bears need a close below $1.5705 to confirm a break of the 21-DMA and a shift in

initial focus to $1.5430 and overall focus to $1.4841-1.5148 where key DMAs and

the bull channel base are noted. Bulls still need a close above $1.6319 to

reconfirm the bullish bias and retain focus on the bull channel top (A).