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ICE GASOIL: (F18) Bulls Focused On........>

OIL TECHS
OIL TECHS: ICE GASOIL: (F18) Bulls Focused On 200-WMA
*RES 4: $602.50 - Monthly High June 10 2015 
*RES 3: $599.36 - Daily Bull channel top 
*RES 2: $585.50 - High June 30 2015 
*RES 1: $584.89 - 200-WMA
*PRICE: $577.00 @ 0430GMT
*SUP 1: $575.50 - High Dec 11 now support 
*SUP 2: $571.00 - Hourly support Dec 11 
*SUP 3: $567.50 - Hourly resistance Dec 1 now support 
*SUP 4: $562.50 - Low Dec 11
*COMMENTARY: Support ahead of the 55-DMA ($543.99) and daily bull channel base
($545.39) provided the catalyst for a move that has so far resulted in fresh
2017 & 2year highs with bulls currently focused on the 200-WMA. A close above
the 200-WMA sees bulls targeting $599.36-602.50 where June 2015 highs and the
bull channel top are located. Bears now need a close below $571.00 to ease
bullish pressure and hint a ta correction back to $559.25.

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