NYMEX RBOB (X19): Remains Vulnerable......>

OIL TECHS: NYMEX RBOB (X19): Remains Vulnerable

*RES 4: $1.7526 - High Sep 16 and bull trigger

*RES 3: $1.6824 - High Sep 19 and key resistance

*RES 2: $1.6576 - High Sep 24

*RES 1: $1.6335 - High Sep 27

*PRICE: $1.5806 @ 07:36 BST Oct 2

*SUP 1: $1.5635 - Low Sep 30

*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 remains vulnerable now that trendline support drawn off the Sep 3 low has

been breached. The break reinforces the current bearish tone with a deeper

sell-off still likely towards $1.5462, Sep 13 high. A print would fill the

entire gap in the chart created by the sharp price spike on Sep 16. Friday's

high of $1.6335 is initial resistance, however a break above $1.6824, Sep 19

high is required to reinstate a bullish theme.