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ICE GASOIL: (K18) Bears Need Close........>

OIL TECHS
OIL TECHS: ICE GASOIL: (K18) Bears Need Close Below $640.50
*RES 4: $666.76 - Daily Bull channel top
*RES 3: $661.00 - High Nov 28 2014 (Cont)
*RES 2: $652.75 - Bollinger band top
*RES 1: $651.75 - 2018 Apr 19
*PRICE: $645.50 @ 0430GMT
*SUP 1: $640.50 - Low Apr 19 
*SUP 2: $632.50 - Hourly support Apr 18 
*SUP 3: $623.00 - Low Apr 17 
*SUP 4: $622.70 - 21-DMA
*COMMENTARY: Fresh 2018 & 3.5yr highs add to bullish confidence with focus
currently on $661.00-666.76 where a bull channel top is noted. The Bollinger
band top and O/B studies remain the key concern for bulls. Bears now look for a
close below $640.50 to gain breathing room and below $632.50 to shift focus back
to $622.70-623.00 where the 21-DMA is noted. Below the 21-DMA then initially
targets $613.50.

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