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NYMEX RBOB: (Z18) Bearish Trend Extends...>

OIL TECHS
OIL TECHS: NYMEX RBOB: (Z18) Bearish Trend Extends
*RES 4: $2.1464 - High Oct 10 
*RES 3: $2.0939 - High Oct 9 
*RES 2: $1.9887 - High Oct 17 
*RES 1: $1.8661 - 200-dma 
*PRICE: $1.7418 @ 05:50 GMT 
*SUP 1: $1.7111 - Low Apr 4 
*SUP 2: $1.6234 - Low Mar 2 
*SUP 3: $1.5929 - Low Feb 9 
*SUP 4: $1.5000 - Support 
Dec-18 RBOB futures are looking very bearish following the break to new cycle
lows yesterday, which has given fresh momentum to the downtrend. The next
downside target comes in at $1.7111 marking the April 4 lows, below which the
ytd low at $1.5926 comes into play. Bulls need to recover the 200-dma at $1.8661
to stabilize the outlook and shift the focus back to the Oct 17 just below $2.0.

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