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NYMEX RBOB (Z19): Bullish Focus Intact....>

OIL TECHS
OIL TECHS: NYMEX RBOB (Z19): Bullish Focus Intact
*RES 4: $1.7196 - High Sep 16 and primary resistance
*RES 3: $1.7000 - Round number resistance
*RES 2: $1.6742 - 1.00 projection of Oct 14 rally off Oct 21 low
*RES 1: $1.6696 - Intraday high
*PRICE: $1.6553 @ 07:28 GMT Nov 4
*SUP 1: $1.6029 - Trendline support drawn off Oct 3 low
*SUP 2: $1.5800 - Low Oct 31
*SUP 3: $1.5536 - Low Oct 23
*SUP 4: $1.5417 - Low Oct 21 and key support
RBOB rebounded sharply Friday to trade above former resistance at $1.6597, Oct
30 high to confirm a resumption of the uptrend that has been in place since Oct
3. Price action has also eroded the $1.6603 retracement level, 76.4% of Sep 16 -
Oct 3 decline. The focus is now on gains towards $1.7196, Sep 16 high. Note too
that Friday's rebound means trendline support drawn off Oct 3 low, remains
intact. Key support has been defined at $1.5800.

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