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NYMEX RBOB: (Z17) Below $1.7998 To Ease...>

OIL TECHS
OIL TECHS: NYMEX RBOB: (Z17) Below $1.7998 To Ease Bullish Pressure
*RES 4: $2.1705 - Monthly high Aug 31 (cont)
*RES 3: $1.9148 - Low Aug 31 now resistance (cont)
*RES 2: $1.8390 - High Nov 6
*RES 1: $1.8386 - Bollinger band top
*PRICE: $1.8257 @ 0430GMT
*SUP 1: $1.8218 - Hourly support Nov 7 
*SUP 2: $1.7998 - High Nov 3 now support
*SUP 3: $1.7687 - Low Nov 3 
*SUP 4: $1.7548 - Hourly resistance Nov 2 now support
*COMMENTARY: O/B daily studies looking for a correction and the Bollinger top
remain the key concerns for bulls who are currently focused on $1.9148. Layers
of support continue to accumulate adding to bullish confidence. Bears now need a
close below $1.7998 to ease immediate bullish pressure and below $1.7687 to
shift focus back to $1.6550-1.6782 where the 21-DMA is located.

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