NYMEX RBOB: (Z18) Failure to Close........>

OIL TECHS: NYMEX RBOB: (Z18) Failure to Close Above $1.60

*RES 4: $2.0939 - High Oct 9 

*RES 3: $1.9887 - High Oct 17 

*RES 2: $1.8571 - 200-dma 

*RES 1: $1.7049 - High Nov 7 

*PRICE: $1.5876 @ 05:58 GMT 

*SUP 1: $1.5000 - Up trendline support from 2016 lows 

*SUP 2: $1.4000 - Support 

*SUP 3: $1.3756 - Low Aug 18, 2017 

*SUP 4: $1.2986 - Low June 21, 2017 

RBOS futures managed to break above the $1.60 level on Friday but failed to

close above it which keeps the focus on the downside and on up trendline support

from the 2016 lows at $1.50. Below here would leave very little support in the

way of a return to the $1.40 level. Bulls need to close above $1.60 to challenge

the $1.7049 level marking the Nov 7 high. Above here would turn the outlook

neutral, opening the 200-dma at $1.8571.