NYMEX RBOB (X19): Has Filled Gap And......>

OIL TECHS: NYMEX RBOB (X19): Has Filled Gap And Still Vulnerable

*RES 4: $1.6824 - High Sep 19 and key resistance

*RES 3: $1.6576 - High Sep 24

*RES 2: $1.6335 - High Sep 27

*RES 1: 41.5965 - High Oct 1

*PRICE: $1.5460 @ 07:41 BST Oct 3

*SUP 1: $1.5277 - Low Oct 2

*SUP 2: $1.4984 - Low Sep 12

*SUP 3: $1.4497 - Low Sep 4

*SUP 4: $1.4310 - Low Sep 13

RBOB traded lower again yesterday to a low of $1.5277. This confirms a fill of

the entire gap created in the chart by the risk related spike on Sep 16. The

outlook remains bearish and the focus is on a move to $1.4984 next, Sep 12 low.

Clearance of this level would pave the way for a move to $1.4310, Sep 3 low

further out. On the upside, key near-term resistance has been defined at

$1.6335, Sep 27 high.