NYMEX RBOB: (Z17) Bulls Focused On........>

OIL TECHS: NYMEX RBOB: (Z17) Bulls Focused On $1.6316-1.6503

*RES 4: $1.6503 - Monthly High Sept 26

*RES 3: $1.6323 - Bollinger band top

*RES 2: $1.6316 - High Sept 27

*RES 1: $1.6144 - Hourly resistance Oct 16

*PRICE: $1.6103 @ 0330GMT

*SUP 1: $1.6056 - High Oct 13 now support

*SUP 2: $1.5845 - 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 now

gaining traction above the 21-DMA with bulls having reconfirmed focus on

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

confirm focus on the bull channel top ($1.6983). Bears now look for a close

below $1.6056 to gain breathing room and below $1.5776 to shift focus back to

$1.5275-1.5520 where the 55-DMA and channel base are noted.