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NYMEX RBOB: (X18) Approaching May Highs...>

OIL TECHS: NYMEX RBOB: (X18) Approaching May Highs 
*RES 4: $2.3000 - Resistance 
*RES 3: $2.2000 - Bull flag breakout target 
*RES 2: $2.1000 - Resistance 
*RES 1: $2.0756 - High May 22 
*PRICE: $2.0513 @ 06:09 GMT 
*SUP 1: $1.9130 - Low Sep 6 
*SUP 2: $1.8880 - Low Aug 22 
*SUP 3: $1.8849 - 200-dma 
*SUP 4: $1.8568 - Low July 17 
The May 22 high at $2.0756 is firmly in sight following the break above the Sep
4 high on Monday. A break of this level is looking increasingly given the broad
based strength in the space, which would suggest further gains over the medium
term towards the $2.2 bull flag target. On the downside the Sep 6 low of $1.9130
acts as support, and below here lies the key Aug 22 low of $1.8880. A break
below here is needed to threaten the larger bullish trend.

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