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

OIL TECHS
OIL TECHS: ICE GASOIL: (F18) Bears Need Close Below Bull Channel Base
*RES 4: $574.92 - Bollinger band top 
*RES 3: $572.00 - High Nov 8 
*RES 2: $571.00 - High Nov 27 
*RES 1: $562.75 - Hourly support Nov 29 now resistance
*PRICE: $560.25 @ 0430GMT
*SUP 1: $558.50 - Hourly resistance Nov 29 now support 
*SUP 2: $551.25 - Low Nov 15 
*SUP 3: $549.84 - Daily Bull channel base 
*SUP 4: $547.03 - Bollinger band base
*COMMENTARY: Follow through has been a little lacking following Wednesday's
sell-off with the contract flirting with the 21-DMA ($560.99) once more. Bears
now look for a close below the bull channel base of Aug lows to confirm a shift
in immediate focus to $536.78-538.00 where the bull channel base off June 26
lows and the 55-DMA are located. Bulls remain focused on $571.00-572.00 while
the ST channel base supports.

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