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ICE GASOIL: (F18) Bears Need Close........>

OIL TECHS
OIL TECHS: ICE GASOIL: (F18) Bears Need Close Below $551.25
*RES 4: $583.22 - Daily Bull channel top 
*RES 3: $579.74 - Bollinger band top 
*RES 2: $572.00 - High Nov 8 
*RES 1: $566.75 - High Nov 17
*PRICE: $560.50 @ 0430GMT
*SUP 1: $556.75 - Hourly support Nov 20 
*SUP 2: $552.02 - 21-DMA 
*SUP 3: $551.25 - Low Nov 15 
*SUP 4: $550.42 - Low Nov 3
*COMMENTARY: Hesitation around the $572.00 level resulted in a correction lower
last week that has so far found support ahead of the 21-DMA ($552.02). Bears now
need a close below $551.25 to confirm an easing of bullish pressure and to shift
focus back to $530.13-538.00 where the 55-DMA is situated. Bulls remain focused
on the break of $572.00 needed to pressure the Bollinger band and bull channel
tops.

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