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NYMEX RBOB: (Z18) Becoming Oversold ......>

OIL TECHS
OIL TECHS: NYMEX RBOB: (Z18) Becoming Oversold 
*RES 4: $2.1464 - High Oct 10 
*RES 3: $2.0939 - High Oct 9 
*RES 2: $1.9887 - High Oct 17 
*RES 1: $1.8658 - 200-dma 
*PRICE: $1.7247 @ 06:10 GMT 
*SUP 1: $1.6234 - Low Mar 2 
*SUP 2: $1.5929 - Low Feb 9 
*SUP 3: $1.5000 - Support 
*SUP 4: $1.3756 - Low Aug 18, 2017
Dec-18 RBOB futures are beginning to look oversold with the RSI down at 24
following recent losses. That said, the bearish trend remains clear and it would
take a recovery of the 200-dma at $1.8658 to materially improve the outlook. The
next downside target comes in at the March 2 low at $1.6234, ahead of the Feb 9
and ytd low at $1.5929. 

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