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NYMEX RBOB: (X17) Supported Below.........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (X17) Supported 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: $1.5666 - High Oct 9
*PRICE: $1.5631 @ 0330GMT
*SUP 1: $1.5480 - Hourly support Oct 9
*SUP 2: $1.5455 - 55-DMA
*SUP 3: $1.5366 - Low Oct 9
*SUP 4: $1.4911 - 200-DMA
*COMMENTARY: Pressure returning to the daily bull channel base ($1.5593) Friday
took its toll although the dip below the 55-DMA has so far lacked follow through
with the contract looking a little bid. Layers of resistance remain 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. Bears now need a close below $1.5366 to end
bullish hopes and target the 200-DMA.

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