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OIL TECHS: NYMEX RBOB: (X18) May Highs Under Attack
*RES 4: $2.3000 - Resistance
*RES 4: $2.2000 - Bull flag breakout target
*RES 3: $2.1000 - Resistance
*RES 2: $2.0756 - High May 22
*PRICE: $2.0488 @ 06:23 GMT
*SUP 1: $1.9130 - Low Sep 6
*SUP 2: $1.8880 - Low Aug 22
*SUP 3: $1.8849 - 200-dma
*SUP 4: $1.8402 - Low July 17
Nov-18 RBOB futures have consolidated their gains above $2.0 and are honing in
on the May 22 peak at $2.0756. A break of this level is looking increasingly
likely following yesterday's strong close, 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.