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ICE GASOIL: (F18) Below $559.25...........>

OIL TECHS
OIL TECHS: ICE GASOIL: (F18) Below $559.25 Pressures Channel Base
*RES 4: $584.81 - 200-WMA 
*RES 3: $583.00 - High Dec 12 
*RES 2: $574.75 - High Dec 13 
*RES 1: $568.25 - Hourly support Dec 13 now resistance
*PRICE: $562.25 @ 0430GMT
*SUP 1: $559.25 - High Dec 6 now support 
*SUP 2: $550.25 - Hourly resistance Dec 7 now support 
*SUP 3: $547.54 - Daily Bull channel base (June 26 low) 
*SUP 4: $545.04 - 55-DMA
*COMMENTARY: Despite looking bid Tuesday the contract was aggressively rejected
ahead of the 200-WMA. A close above the 200-WMA remains needed to see bulls
targeting $601.52-602.50 where June 2015 highs and the bull channel top are
located. Bears continue to look for a close below $559.25 to confirm an easing
of bullish pressure and to see focus shift to $538.00-547.54 where the 55-DMA
and bull channel base are noted.

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