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ICE GASOIL: (F18) Capped Ahead Of.........>

OIL TECHS
OIL TECHS: ICE GASOIL: (F18) Capped Ahead Of 200-WMA
*RES 4: $585.50 - High June 30 2015 
*RES 3: $584.89 - 200-WMA 
*RES 2: $583.00 - High Dec 12 
*RES 1: $573.25 - Hourly support Dec 12 now resistance
*PRICE: $571.75 @ 0430GMT
*SUP 1: $562.50 - Low Dec 11 
*SUP 2: $559.25 - High Dec 6 now support 
*SUP 3: $550.25 - Hourly resistance Dec 7 now support 
*SUP 4: $546.46 - 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 $600.44-602.50 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 $538.00-546.46 where the 55-DMA
and bull channel base are noted.

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