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OIL TECHS: ICE GASOIL: (Q18) $632.00 Support Remains Key
*RES 4: $672.75 - Low July 10 now resistance
*RES 3: $664.27 - 55-DMA
*RES 2: $657.68 - 21-DMA
*RES 1: $653.00 - Hourly resistance July 16
*PRICE: $651.00 @ 0430GMT
*SUP 1: $649.00 - Hourly support July 16 
*SUP 2: $636.50 - 100-DMA 
*SUP 3: $633.16 - Bollinger band base 
*SUP 4: $632.00 - Monthly Low June 21
*COMMENTARY: Failure to trouble the key $688.25 resistance resulted in a sharp
break lower with immediate focus back on $632.00-636.50 where the 100-DMA and
June low are noted. Bears need a close below $632.00 to shift initial focus to
$617.75-623.59 where the bear channel base is situated. Bulls still 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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