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NYMEX RBOB: (Z18) No Respite *RES 4:......>

OIL TECHS
OIL TECHS: NYMEX RBOB: (Z18) No Respite
*RES 4: $2.1464 - High Oct 10 
*RES 3: $2.0939 - High Oct 9 
*RES 2: $1.9887 - High Oct 17 
*RES 1: $1.8654 - 200-dma 
*PRICE: $1.6948 @ 05:48 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 continue to head lower with the $1.70 level giving way today
as the March lows comes into focus. Below here opens the Feb 9 and ytd low at
$1.5929. While momentum is becoming oversold the bearish trend remains clear and
it would take a recovery of the 200-dma at $1.8654 to materially improve the
outlook. 

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