NYMEX RBOB (Z19): Key Intraday Support....>

OIL TECHS: NYMEX RBOB (Z19): Key Intraday Support Is At $1.5885

*RES 4: $1.7196 - High Sep 16 and primary resistance

*RES 3: $1.7000 - Round number resistance

*RES 2: $1.6843 - High Nov 5 and bull trigger

*RES 1: $1.6550 - High Nov 15

*PRICE: $1.5942 @ 06:53 GMT Nov 20

*SUP 1: $1.5885 - Low Nov 8 and intraday bear trigger

*SUP 2: $1.5800 - Low Oct 31 and key support

*SUP 3: $1.5536 - Low Oct 23

*SUP 4: $1.5417 - Low Oct 21

RBOB continues to consolidate. The focus recently has been on the potential for

a recovery, to extend the uptrend established in October. For this to unfold,

key support at $1.5885, Nov 8 low needs to remain intact. A break of the support

would highlight a bearish threat signalling instead a reversal and would open

$1.5800, Oct 31 low. If $1.5885 holds and prices rally through $1.6550,

attention would return to resistance at $1.6843, Nov 5 high once again.