NYMEX RBOB (X19): Downside Pressure.......>

OIL TECHS: NYMEX RBOB (X19): Downside Pressure Likely

*RES 4: $1.7526 - High Sep 16 and key resistance

*RES 3: $1.6824 - High Sep 19

*RES 2: $1.6576 - High Sep 24

*RES 1: $1.6335 - High Sep 27

*PRICE: $1.6027 @ 07:31 BST Sep 30

*SUP 1: $1.5759 - Low Sep 25

*SUP 2: $1.5622 - High Sep 12

*SUP 3: $1.5462 - High Sep 13 and gap low

*SUP 4: $1.5174 - Low Sep 13

RBOB is consolidating. The contract however remains vulnerable following last

weeks move through $1.6004, Sep 11 high to fill an initial gap in the chart. A

deeper sell-off this week would open $1.5462, Sep 13 high where a print would

fill the entire gap in the chart created by the sharp price spike on Sep 16.

$1.6335, Friday's high is initial resistance however a break above $1.6824, Sep

19 high is required to reinstate a bullish theme.