NYMEX RBOB: (X17) Below $1.5868 To Ease...>

OIL TECHS: NYMEX RBOB: (X17) Below $1.5868 To Ease Bullish Pressure

*RES 4: $1.6594 - Bollinger band top

*RES 3: $1.6510 - High Sept 27

*RES 2: $1.6330 - High Oct 5

*RES 1: $1.6138 - High Oct 11

*PRICE: $1.6050 @ 0330GMT

*SUP 1: $1.5868 - Hourly support Oct 10

*SUP 2: $1.5666 - High Oct 9 now support

*SUP 3: $1.5516 - 55-DMA

*SUP 4: $1.5480 - Hourly support Oct 9

*COMMENTARY: Having looked bid Tuesday following the bounce from below the

55-DMA bulls have not been disappointed with a close above the 21-DMA ($1.6033)

and bulls now focused on $1.6330-1.6510. O/S studies correcting add support to

the bullish case. Bears continue to look for a close below $1.5868 to ease

pressure on the 21-DMA and below $1.5666 to retest the 55-DMA.