NYMEX RBOB (Z19): Bulls Still In Charge...>

OIL TECHS: NYMEX RBOB (Z19): Bulls Still In Charge

*RES 4: $1.7561 - 1.618 projection of Oct 3 - Oct 14 rally from Oct 21 low

*RES 3: $1.7248 - 1.382 projection of Oct 3 - Oct 14 rally from Oct 21 low

*RES 2: $1.7196 - High Sep 16 and primary resistance

*RES 1: $1.7093 - High Nov 22

*PRICE: $1.6727 @ 07:17 GMT Nov 28

*SUP 1: $1.6431 - Low Nov 21

*SUP 2: $1.5868 - Low Nov 20 and bear trigger

*SUP 3: $1.5800 - Low Oct 31 and a key support

*SUP 4: $1.5536 - Low Oct 23

RBOB is consolidating but maintains a bullish stance following last weeks sharp

rally off the Nov 20 low. The recovery resulted in a breach of key resistance at

$1.6843, Nov 5 high and the former bull trigger. This has confirmed a resumption

of the uptrend that has been in place since Oct 3 and attention turns to

$1.7196, Sep 16 high and the primary resistance. Key support has been defined at

$1.5868, Nov 21 low. Initial support lies at $1.6431, Nov 21 low.