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ICE GASOIL: (G18) Bears Need Close........>

OIL TECHS
OIL TECHS: ICE GASOIL: (G18) Bears Need Close Below $569.00
*RES 4: $604.50 - Daily Bull channel top 
*RES 3: $585.50 - High June 30 2015 
*RES 2: $584.74 - 200-WMA 
*RES 1: $581.51 - Bollinger band top
*PRICE: $579.25 @ 0430GMT
*SUP 1: $576.50 - Hourly support Dec 21 
*SUP 2: $572.75 - Low Dec 20 
*SUP 3: $569.00 - Hourly support Dec 19 
*SUP 4: $562.00 - Low Dec 15
*COMMENTARY: Bulls take comfort as the contract recovers from last week's
sell-off with bullish focus back on the 200-WMA. A close above $585.50 remains
needed to see bulls targeting $602.50-604.50 where June 2015 highs and the bull
channel top are located. Key support remains at $569.00 with bears needing a
close below to ease pressure on resistance layers and below $562.00 to pressure
$537.75-555.00 where the 55-DMA and bull channel base are noted.

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