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NYMEX RBOB: (Z17) 21-DMA Support..........>

OIL TECHS
OIL TECHS: NYMEX RBOB: (Z17) 21-DMA Support Remains Key
*RES 4: $1.6503 - Monthly High Sept 26
*RES 3: $1.6414 - Bollinger band top
*RES 2: $1.6320 - High Oct 19
*RES 1: $1.6206 - Hourly resistance Oct 19
*PRICE: $1.6113 @ 0330GMT
*SUP 1: $1.6091 - Hourly support Oct 19
*SUP 2: $1.5995 - Low Oct 19
*SUP 3: $1.5918 - Low Oct 17 
*SUP 4: $1.5903 - 21-DMA
*COMMENTARY: Marginal fresh highs for the week have lacked follow through with
the contract looking a little heavy. Layers of support remain $1.5903-1.6091
with bears needing a close below the 21-DMA to confirm an easing of bullish
pressure and see focus shift to $1.5275-1.5585 where the bull channel base and
55-DMA ($1.5380) are situated. Bulls now need a close above $1.6206 to gain
breathing room.

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