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ICE GASOIL: (U17) $494.75-501.75..........>

OIL TECHS
OIL TECHS: ICE GASOIL: (U17) $494.75-501.75 Resistance Key
*RES 4: $501.75 - Hourly resistance July 31 
*RES 3: $494.75 - High Aug 1 
*RES 2: $492.75 - High Aug 3 
*RES 1: $489.25 - High Aug 4
*PRICE: $487.25 @ 0430GMT
*SUP 1: $484.50 - Hourly support Aug 4 
*SUP 2: $479.75 - Low Aug 4 
*SUP 3: $477.75 - Low Aug 1 
*SUP 4: $475.41 - 200-DMA
*COMMENTARY: Bears failed to capitalise on Friday's dip with the bounce from
ahead of the 200-DMA adding to bullish confidence. The $494.75-501.75 resistance
region remains key. Bulls need a close above $494.75 to ease pressure on the
200-DMA and above $501.75 to reconfirm a bullish bias and target $508.50-532.25.
Bears need a close below $484.50 to gain breathing room and below the 200-DMA to
hint at a move back to $458.44-465.25 where 21 & 100-DMAs are noted.

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