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

OIL TECHS
OIL TECHS: NYMEX RBOB: (Z17) Bulls Need Close Above $1.8402
*RES 4: $2.1705 - Monthly high Aug 31 (cont)
*RES 3: $1.9148 - Low Aug 31 now resistance (cont)
*RES 2: $1.8682 - Bollinger band top
*RES 1: $1.8402 - High Nov 8
*PRICE: $1.8316 @ 0430GMT
*SUP 1: $1.8213 - Hourly support Nov 8
*SUP 2: $1.7963 - Low Nov 8 
*SUP 3: $1.7687 - Low Nov 3 
*SUP 4: $1.7548 - Hourly resistance Nov 2 now support
*COMMENTARY: Recent price action has failed to gain traction on fresh 3mth highs
which is less than ideal with daily studies at O/B levels and daily momentum
divergence. In saying that, bears now need a close below $1.7963 to ease
immediate bullish pressure and below $1.7687 to shift focus back to
$1.6840-1.7012 where the 21-DMA is located. While $1.7963 supports bulls remain
focused on $1.9148.

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