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NYMEX RBOB: (X17) Resistance Layers.......>

OIL TECHS: NYMEX RBOB: (X17) Resistance Layers Building
*RES 4: $1.6822 - 2017 High Sept 26
*RES 3: $1.6684 - Hourly resistance Sept 26b
*RES 2: $1.6600 - Hourly resistance Sept 26a
*RES 1: $1.6517 - Hourly resistance Sept 26
*PRICE: $1.6476 @ 0430GMT
*SUP 1: $1.6354 - Hourly support Sept 25
*SUP 2: $1.6285 - Hourly resistance Sept 25a now support
*SUP 3: $1.6198 - Low Sept 25
*SUP 4: $1.6010 - 21-DMA
*COMMENTARY: The daily bull channel top ($1.6813) continues to cap with the
sell-off from fresh 2017 highs leaving the contract looking a little heavy.
Bears now look for a close below $1.6198 to confirm a shift in focus to
$1.5705-1.6010 where the 21-DMA is located. The Bollinger top ($1.6714) & O/B
studies remain key concerns for bulls. Layers of resistance are weighing with
bulls needing a close above $1.6684.

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