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NYMEX RBOB: (X18) Potential For...........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (X18) Potential For Waterfall Declines  
*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 continue to head lower following the lost of the $1.90 level, with
bears now looking to take out $1.80 to build downside momentum. Below here risks
triggering waterfall declines as the reversal intensifies. Bulls need to quickly
regain the 200-dma at $1.8862 to take the pressure off and attempt to stabilize
the outlook before further chart damage is done. 

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