NYMEX RBOB (Z19): Support Defined At......>

OIL TECHS: NYMEX RBOB (Z19): Support Defined 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: $1.6500 - High Nov 7

*PRICE: $1.6220 @ 07:42 GMT Nov 11

*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 maintains a bullish outlook despite the recent pullback. A positive theme

follows the overall recovery in prices during October and the existence of a

bullish price sequence of higher highs and higher lows. Key support has been

defined at Friday's low of $1.5885 which needs to hold to avoid a bearish threat

developing. A recovery would refocus attention on $1.6843, last weeks high where

a break would confirm a resumption of the uptrend and open $1.7196.