NYMEX RBOB: (Z17) Bears Need Close........>

OIL TECHS: NYMEX RBOB: (Z17) Bears Need Close Below $1.5776

*RES 4: $1.6320 - Bollinger band top

*RES 3: $1.6316 - High Sept 27

*RES 2: $1.6245 - High Oct 16

*RES 1: $1.6140 - Hourly support Oct 16 now resistance

*PRICE: $1.5980 @ 0330GMT

*SUP 1: $1.5877 - Hourly support Oct 13

*SUP 2: $1.5848 - 21-DMA

*SUP 3: $1.5776 - Hourly support Oct 13

*SUP 4: $1.5632 - Hourly support Oct 12

*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

$1.6316-1.6508 where 2017 highs are located. Bulls need a close above $1.6503 to

confirm focus on the bull channel top ($1.7018). The $1.5776 support remains

key. bears need a close below to shift focus back to $1.5275-1.5520 where the

55-DMA and channel base are noted.