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

OIL TECHS
OIL TECHS: ICE GASOIL: (Q18) Bears Now Focused On $589.00-615.75
*RES 4: $655.24 - 21-DMA
*RES 3: $654.00 - High July 16
*RES 2: $649.00 - Hourly support July 16 now resistance
*RES 1: $637.18 - 100-DMA
*PRICE: $630.50 @ 0430GMT
*SUP 1: $625.07 - Bollinger band base 
*SUP 2: $622.60 - Daily Bear channel base 
*SUP 3: $615.75 - Low Apr 17 
*SUP 4: $604.25 - High Apr 9 now support
*COMMENTARY: Topside hesitation ahead of 21 & 55-DMAs took its toll Monday with
a sharp sell-off and bearish close that sees immediate focus now on the
$589.00-615.75 region where the 200-DMA ($599.41) is located. The Bollinger base
is the key concern for bears with potential to limit follow through. Bulls now
need a close above the 100-DMA to gain breathing room and above the 55-DMA to
hint at a move back to $683.50-688.25.

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