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Peso Loses Some Altitude

KRW

Coronavirus Cases Drop To Two-Month Low

OIL TECHS
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.