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ICE GASOIL: (F18) $550.75 Support.........>

OIL TECHS
OIL TECHS: ICE GASOIL: (F18) $550.75 Support Remains Key
*RES 4: $567.50 - Hourly resistance Dec 1 
*RES 3: $563.50 - Hourly resistance Dec 4 
*RES 2: $562.12 - 21-DMA 
*RES 1: $560.00 - Hourly support Dec 4 now resistance
*PRICE: $554.00 @ 0430GMT
*SUP 1: $553.63 - Daily Bull Channel base 
*SUP 2: $550.75 - Low Nov 30 
*SUP 3: $540.46 - 55-DMA 
*SUP 4: $538.00 - Low Nov 2
*COMMENTARY: Yet another failure ahead of $572.00 left the contract looking a
little heavy Monday with focus back on supports. The $550.75 support remains key
this week with bears needing a close below to ease bullish pressure and shift
immediate focus to $538.00-540.46 where the MT bull channel base and 55-DMA are
noted. Bulls now need a close above the 21-DMA to ease bearish pressure and
shift focus back to $572.00.

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