NYMEX RBOB: (Z18) Basing Potential ......>

OIL TECHS: NYMEX RBOB: (Z18) Basing Potential  

*RES 4: $2.1464 - High Oct 10 

*RES 3: $2.0939 - High Oct 9 

*RES 2: $1.9887 - High Oct 17 

*RES 1: $1.8665 - 200-dma 

*PRICE: $1.8170 @ 05:59 GMT 

*SUP 1: $1.7644 - Low Oct 26 

*SUP 2: $1.7111 - Low Apr 4 

*SUP 3: $1.6234 - Low Mar 2 

*SUP 4: $1.5929 - Low Feb 9 

Dec-18 RBOB futures are looking to form a base as the $1.80 level continues to

hold on a closing basis. Bulls will now look to recover the 200-dma at $1.8665

to gather some momentum ahead of a run at the Oct 17 just below $2.0. The

broader downtrend remains intact though and a break below Friday's low at

$1.7644 would give bears further momentum to target new multi-month lows.