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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: $586.45 - Daily Bull channel top 
*RES 3: $575.88 - Bollinger band top 
*RES 2: $572.00 - High Nov 8 
*RES 1: $568.00 - High Nov 22
*PRICE: $565.00 @ 0430GMT
*SUP 1: $557.38 - 21-DMA 
*SUP 2: $551.25 - Low Nov 15 
*SUP 3: $544.83 - Daily Bull channel base 
*SUP 4: $538.00 - Low Nov 2
*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. Bears need a close
below $551.25 to confirm a break of the 21-DMA, easing bullish pressure and to
shift focus back to $532.47-538.00 where the 55-DMA ($533.57) 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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