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ICE GASOIL: (Q18) Bears Focused On........>

OIL TECHS
OIL TECHS: ICE GASOIL: (Q18) Bears Focused On $615.75-621.70
*RES 4: $659.88 - 21-DMA
*RES 3: $658.50 - Low June 13 now resistance
*RES 2: $655.66 - 55-DMA
*RES 1: $645.30 - High June 21
*PRICE: $639.25 @ 0430GMT
*SUP 1: $632.00 - Low June 21 
*SUP 2: $621.70 - 100-DMA 
*SUP 3: $615.75 - Low Apr 17 
*SUP 4: $604.25 - High Apr 9 now support
*COMMENTARY: Pressure on $655.66-672.20 where 21 & 55-DMAs are situated failed
to produce a break higher with bears now focused on $615.75-621.70 where the
100-DMA and bear channel base are located. The Bollinger base ($632.22) remains
the key concern for bears. Bulls continue to look for a close above $672.00 to
confirm breaks of key DMAs, ending bearish hopes and shifting immediate focus to
$688.25-700.00.

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