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

OIL TECHS
OIL TECHS: ICE GASOIL: (F18) Bulls Need Close Above $578.25
*RES 4: $583.45 - 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: $562.75 @ 0430GMT
*SUP 1: $560.75 - Low Dec 15 
*SUP 2: $557.50 - Hourly support Dec 14 
*SUP 3: $553.75 - Low Dec 14 
*SUP 4: $549.69 - Daily Bull channel base (June 26 low)
*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 $602.50-603.57 where June 2015 highs and the bull channel top are
located. Bulls now need a close above $568.25 to ease bearish pressure. Bears
currently focus on $546.52-549.69 where the 55-DMA and bull channel base are
situated.

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