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ICE GASOIL: (F18) Below 21-DMA to Ease....>

OIL TECHS
OIL TECHS: ICE GASOIL: (F18) Below 21-DMA to Ease Bullish Pressure
*RES 4: $588.60 - Daily Bull channel top 
*RES 3: $575.94 - Bollinger band top 
*RES 2: $572.00 - High Nov 8 
*RES 1: $571.00 - High Nov 27
*PRICE: $567.00 @ 0430GMT
*SUP 1: $562.25 - Low Nov 27 
*SUP 2: $559.75 - Low Nov 22 
*SUP 3: $559.52 - 21-DMA 
*SUP 4: $551.25 - Low Nov 15
*COMMENTARY: Bulls took comfort in support emerging on dips last week with bulls
currently focused on the break of $572.00 needed to target the daily bull
channel top. Layers of support building add to bullish confidence. Bears still
need a close below the 21-DMA to confirm an easing of bullish pressure and below
$551.25 to shift focus back to $534.63-538.00 where the 55-DMA ($533.57) & bull
channel base are situated.

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