NYMEX RBOB: (X17) Supported On Dips To....>

OIL TECHS: NYMEX RBOB: (X17) Supported On Dips To Channel Base

*RES 4: $1.6510 - High Sept 27

*RES 3: $1.6330 - High Oct 5

*RES 2: $1.6138 - High Oct 11

*RES 1: $1.6031 - Hourly support Oct 12 now resistance

*PRICE: $1.5949 @ 0330GMT

*SUP 1: $1.5814 - Hourly support Oct 12

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

*SUP 3: $1.5533 - 55-DMA

*SUP 4: $1.5480 - Hourly support Oct 9

*COMMENTARY: Support continues to emerge on dips back towards the daily bull

channel base ($1.5704) with bears needing a close below $1.5666 to shift

pressure back to $1.5366-1.5533 where the 55-DMA is noted. Overall bears look

for a close below $1.5366 to shift focus to 100 ($1.4773) & 200 ($1.4909) DMAs.

Initial resistance is noted at $1.6031 but bulls need a close above $1.6138 to

shift immediate focus to $1.6330-1.6510.