RBOB is in backwardation all the way to Feb/14. The Sept contract just double topped at 3.09 recently which matched the Feb high of 3.06. RBOB has been a basket case this year ranging from 2.61 to 3.09 in the Sept contract which it just ran up to again. Backwardation shows strong demand and tends to be bullish when consistently showing on the back months. Here is a chart of Spot Gasoline fwiw that shows a longer term picture without the effect of futures premiums etc. Note price has been in a 2.5 year channel of one dollar. ($2.45 to $3.44) Resistance is resistance and price has been backing off that double top on the Sept RBOB contract. I'll post the Sept RBOB next.