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NYMEX RBOB: (X18)55-DMA Recovered *RES...>

OIL TECHS
OIL TECHS: NYMEX RBOB: (X18)55-DMA Recovered 
*RES 4: $2.4000 - Channel top 
*RES 3: $2.3000 - Resistance 
*RES 2: $2.1500 - High Oct 3 
*RES 1: $2.1000 - High Oct 9 
*PRICE: $1.9827 @ 05:50 GMT 
*SUP 1: $1.9081 - Low Oct 12, up trendline support 
*SUP 2: $1.8821 - 200-dma 
*SUP 3: $1.8402 - Low Aug 16 
*SUP 4: $1.8352 - Low July 17 
RBOB futures have recovered their 55-dma and help uptrend support from the Feb
and Aug lows to keep the broader bullish trend intact. Bulls now need to
overcome the Oct 9 high at $2.10 to challenge the cycle highs at $2.15 seen on
Oct 3. Bears look to close below $1.9081 to tip the balance in their favour and
open up 200-dma support. 

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