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NYMEX RBOB: (X18) Clinging To $1.80 for...>

OIL TECHS
OIL TECHS: NYMEX RBOB: (X18) Clinging To $1.80 for Now
*RES 4: $2.1500 - High Oct 3 
*RES 3: $2.1000 - High Oct 9 
*RES 2: $1.9900 - High Oct 17 
*RES 1: $1.8864 - 200-dma 
*PRICE: $1.8050 @ 05:50 GMT 
*SUP 1: $1.8000 - Support 
*SUP 2: $1.7396 - Low Apr 4 
*SUP 3: $1.6482 - Low Mar 2 
*SUP 4: $1.6268 - Low Feb 14 
RBOB futures hit as low as $1.7670 on Friday before recovering to close back
above $1.80, which continues to hold firm on a closing basis. Bulls need to
regain the 200-dma at $1.8864 to take the pressure off and attempt to stabilize
the outlook before. Above here would open the Oct 17 high at $1.9900, above
which the outlook would improve. Bears continue to target a close below $1.80,
which would target the Apr 4 low at $1.7396. 

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