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ICE GASOIL: (Q18) 55-DMA Remains Key......>

OIL TECHS
OIL TECHS: ICE GASOIL: (Q18) 55-DMA Remains Key Resistance
*RES 4: $655.11 - 21-DMA
*RES 3: $654.00 - High July 16
*RES 2: $649.00 - Hourly support July 16 now resistance
*RES 1: $645.50 - High July 19
*PRICE: $639.00 @ 0430GMT
*SUP 1: $632.00 - Low July 19 
*SUP 2: $625.00 - Low July 18 
*SUP 3: $624.97 - Bollinger band base 
*SUP 4: $621.61 - Daily Bear channel base
*COMMENTARY: Topside hesitation ahead of 21 & 55-DMAs took its toll Monday with
a sharp sell-off and bearish close that sees immediate focus on $589.00-615.75
region where the 200-DMA ($600.78) is located. The Bollinger base is the key
concern for bears with potential to limit follow through. The close above the
100-DMA bought bulls breathing room but a close above the 55-DMA ($663.66) is
needed to hint at a move back to $683.50-688.25.

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