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NYMEX RBOB: (Z18) Up Trendline Support....>

OIL TECHS
OIL TECHS: NYMEX RBOB: (Z18) Up Trendline Support In Focus
*RES 4: $2.0939 - High Oct 9 
*RES 3: $1.9887 - High Oct 17 
*RES 2: $1.8564 - 200-dma 
*RES 1: $1.7049 - High Nov 7 
*PRICE: $1.5761 @ 06:04 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 continue to look bearish after failing to break above the $1.60
level on Friday 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 $1.8564.

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