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NYMEX RBOB (Z19): Clears Resistance.......>

OIL TECHS
OIL TECHS: NYMEX RBOB (Z19): Clears Resistance
*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: $1.7060 - High Nov 21
*PRICE: $1.6991 @ 07:26 GMT Nov 22
*SUP 1: $1.6431 - Low Nov 21
*SUP 2: $1.5868 - Low Nov 20 and intraday bear trigger
*SUP 3: $1.5800 - Low Oct 31 and key support
*SUP 4: $1.5536 - Low Oct 23
RBOB rallied sharply once again yesterday. Price action this week remained
above, apart from a brief probe Wednesday, support at 1.5885. The sharp recovery
has resulted in a breach of key resistance $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.

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