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NYMEX RBOB: (Z18) Bucking The Trend.......>

OIL TECHS
OIL TECHS: NYMEX RBOB: (Z18) Bucking The Trend
*RES 4: $1.9887 - High Oct 17 
*RES 3: $1.8491 - 200-dma 
*RES 2: $1.6104 - High Nov 16 
*RES 1: $1.5200 - Down trendline resistance 
*PRICE: $1.4584 @ 05:28 GMT 
*SUP 1: $1.3838 - Low Nov 23 
*SUP 2: $1.3756 - Low Aug 18, 2017 
*SUP 3: $1.2986 - Low June 21, 2017 
*SUP 4: $1.0915 - Low Jan 19, 2016 
RBOS futures are recovering some losses amid weakness in the oil majors, with
bulls looking to target down trendline resistance from the cycle highs which
comes in at $1.52. Above here would target the Nov 16 high at $1.6104 to stage a
recovery towards the 200-dma. The Nov 23 low remains support at $1.3838. Below
here would reignite the downtrend towards Aug 18, 2017 lows at $1.3758. 

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