NYMEX RBOB (X19): Pointing North *RES.....>

OIL TECHS: NYMEX RBOB (X19): Pointing North

*RES 4: $1.7096 - 1.00 projection of Oct 11 rally off Oct 14 low

*RES 3: $1.6971 - 76.4% retracement of Sep 16 - Oct 3 decline

*RES 2: $1.6824 - High Sep 19 and key resistance

*RES 1: $1.6755 - Intraday high

*PRICE: $1.6693 @ 07:13 BST Oct 28

*SUP 1: $1.6355 - Low Oct 24

*SUP 2: $1.5833 - Low Oct 21 and key near-term support

*SUP 3: $1.5605 - Low Oct 10

*SUP 4: $1.5400 - Low Oct 8

RBOB maintains a bullish tone as prices extend gains following the breach of

former resistance at 1.6474, Oct 11 high. The break reinforces the bullish

outlook and confirms a price sequence of higher highs and higher lows,extending

the current uptrend that began on Oct 3. $1.6628, 61.8% of Sep 16 - Oct 3

decline has been cleared and attention turns to the $1.6971, 76.4% retracement.

Initial firm support has been defined at 1.5833, Oct 21 low.