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ICE GASOIL: (Q18) $632.00 Support.........>

OIL TECHS
OIL TECHS: ICE GASOIL: (Q18) $632.00 Support Remains Key
*RES 4: $664.01 - 55-DMA
*RES 3: $656.76 - 21-DMA
*RES 2: $652.75 - High July 12
*RES 1: $649.00 - Hourly resistance July 12
*PRICE: $645.25 @ 0430GMT
*SUP 1: $635.74 - 100-DMA 
*SUP 2: $630.85 - Bollinger band base 
*SUP 3: $632.00 - Monthly Low June 21 
*SUP 4: $624.08 - Daily Bear channel base
*COMMENTARY: Failure to trouble the key $688.25 resistance resulted in a sharp
break lower with immediate focus back on $632.00-635.74 where the 100-DMA and
June low are noted. Bears need a close below $632.00 to shift initial focus to
$617.75-624.08 where the bear channel base is situated. Bulls now need a close
above the 21-DMA to ease bearish pressure and above $672.50 to return pressure
to $683.50-688.25.

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