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ICE GASOIL: (Q18) Bears Now Need Close....>

OIL TECHS
OIL TECHS: ICE GASOIL: (Q18) Bears Now Need Close Below $632.00
*RES 4: $683.50 - High July 10
*RES 3: $672.75 - Low July 10 now resistance
*RES 2: $664.18 - 55-DMA
*RES 1: $657.99 - 21-DMA
*PRICE: $651.00 @ 0430GMT
*SUP 1: $635.19 - 100-DMA 
*SUP 2: $633.44 - Bollinger band base 
*SUP 3: $632.00 - Monthly Low June 21 
*SUP 4: $619.74 - Daily Bear channel base
*COMMENTARY: Failure to trouble the key $688.25 resistance resulted in a sharp
break lower with immediate focus back on $632.00-635.19 where the 100-DMA and
June low are noted. Bears need a close below $632.00 to shift initial focus to
$617.75-619.74 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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