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NYMEX RBOB: (X18)Up Trendline Support.....>

OIL TECHS
OIL TECHS: NYMEX RBOB: (X18)Up Trendline Support Giving Way
*RES 4: $2.4000 - Channel top 
*RES 3: $2.3000 - Resistance 
*RES 2: $2.1500 - High Oct 3 
*RES 1: $2.1000 - High Oct 9 
*PRICE: $1.9196 @ 05:46 GMT 
*SUP 1: $1.9081 - Low Oct 12, up trendline support 
*SUP 2: $1.8840 - 200-dma 
*SUP 3: $1.8402 - Low Aug 16 
*SUP 4: $1.8352 - Low July 17 
RBOB futures are testing up trendline support from the Feb and Aug lows, and a
close below the Oct 12 low at $1.9081 would confirm a bearish break. Bulls need
to overcome the Oct 9 high at $2.10 to improve the outlook and challenge the
cycle highs at $2.15 seen on Oct 3. 

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