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ICE GASOIL: (F18) 21-DMA Resistance Key...>

OIL TECHS
OIL TECHS: ICE GASOIL: (F18) 21-DMA Resistance Key Today
*RES 4: $567.50 - Hourly resistance Dec 1 
*RES 3: $563.50 - Hourly resistance Dec 4 
*RES 2: $560.00 - 21-DMA 
*RES 1: $559.25 - High Dec 6
*PRICE: $555.00 @ 0430GMT
*SUP 1: $550.25 - Hourly resistance Dec 7 now support 
*SUP 2: $543.23 - Daily Bull channel base (June 26 low) 
*SUP 3: $542.21 - 55-DMA 
*SUP 4: $538.00 - Low Nov 2
*COMMENTARY: Despite looking heavy bulls take comfort in support emerging ahead
of the daily bull channel base and 55-DMA. The 21-DMA is key resistance today
with bulls needing a close above to return initial focus to $572.00 and overall
focus to $586.12-597.21 where the 200-WMA and bull channel top are situated.
Bears continue to look for a close below $538.00 to end bullish hopes and shift
initial focus to $514.25-516.29 where the 100-DMA is noted.

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