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

OIL TECHS
OIL TECHS: NYMEX RBOB: (Z17) Bears Need Close Below $1.6200
*RES 4: $1.7192 - Dally Bull channel Top A
*RES 3: $1.6720 - Daily Bull channel top B
*RES 2: $1.6550 - 2017 High Oct 23
*RES 1: $1.6534 - Bollinger band top
*PRICE: $1.6389 @ 0330GMT
*SUP 1: $1.6337 - Low Oct 23
*SUP 2: $1.6200 - Hourly support Oct 20 
*SUP 3: $1.5989 - Low Oct 20 
*SUP 4: $1.5938 - 21-DMA
*COMMENTARY: Fresh 2017 highs lacked follow through Monday which is less than
ideal given the Bollinger top capping and daily studies looking to correct from
modestly O/B levels. Bears now look for a close below $1.6200 to shift focus
back to the key $1.5918-38 support region where the 21-DMA is noted. While
$1.6200 supports bulls currently focus on the bull channel top off Oct lows with
a close above targeting the LT bull channel top ($1.7192).

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