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NYMEX RBOB: (X18) Fresh Multi-Month.......>

OIL TECHS
OIL TECHS: NYMEX RBOB: (X18) Fresh Multi-Month Lows
*RES 4: $2.1500 - High Oct 3 
*RES 3: $2.1000 - High Oct 9 
*RES 2: $1.9900 - High Oct 17 
*RES 1: $1.8862 - 200-dma 
*PRICE: $1.8436 @ 06:12 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 broke below their 200-dma yesterday as well as the mid-August lows
suggesting a bearish reversal pattern is underway as the contract hits fresh
multi-month lows. The next level of support comes in at $1.80, below which lies
the Apr 4 low of $1.7396. Bulls need to regain the 200-dma at $1.8862 to attempt
to return the outlook neutral.

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