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(U18) Focus Returns To The Downside.......>

OIL TECHS
OIL TECHS: (U18) Focus Returns To The Downside
*RES 4: $2.1741 - High May 31 
*RES 3: $2.1531 - High July 10 
*RES 2: $2.1364 - High July 27 
*RES 1: $2.0985 - High August 8 
*PRICE: $2.0206 @ 0630GMT 
*SUP 1: $1.9715 - Low July 17 
*SUP 2: $1.9699 - 200-DMA 
*SUP 3: $1.9061 - Low April 6 
*SUP 4: $1.8152 - Low March 2
Yesterday's decline saw RBOB drop below its August 2 lows as it underperformed
the other oil benchmarks, keeping the focus on the downside. The July 17 low at
$1.9715 and the 200-DMA just below it at $1.9699 will be a line in the sand for
the bulls and a break below these levels would likely presage significant
further weakness. To arrest the downward momentum bulls need to recover
yesterday's high of $2.0985

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