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

OIL TECHS
OIL TECHS: NYMEX RBOB: (Z17) 21-DMA Support Now Key
*RES 4: $1.6375 - Bollinger band top
*RES 3: $1.6316 - High Sept 27
*RES 2: $1.6245 - High Oct 16
*RES 1: $1.6215 - High Oct 17
*PRICE: $1.6175 @ 0330GMT
*SUP 1: $1.6092 - Hourly support Oct 17
*SUP 2: $1.6016 - Hourly resistance Oct 17 now support
*SUP 3: $1.5877 - Hourly support Oct 13, 21-DMA 
*SUP 4: $1.5776 - Hourly support Oct 13
*COMMENTARY: The most recent bounce from the daily bull channel base is
consolidating last week's break of the 21-DMA with bulls focused on
$1.6316-1.6503 where 2017 highs are located. Bulls need a close above $1.6503 to
confirm focus on the bull channel top ($1.7053). The 21-DMA is now seen as key
support. Bears look for a close below the 21-DMA to confirm an easing of bullish
pressure and to shift focus back to $1.5275-1.5520.

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