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ICE GASOIL: (U17) Bears Need Close........>

OIL TECHS
OIL TECHS: ICE GASOIL: (U17) Bears Need Close Below 200-DMA
*RES 4: $492.75 - High Aug 3 
*RES 3: $489.25 - High Aug 4 
*RES 2: $487.00 - High Aug 8 
*RES 1: $484.50 - Hourly resistance Aug 8
*PRICE: $478.75 @ 0430GMT
*SUP 1: $475.45 - 200-DMA 
*SUP 2: $471.25 - Low July 27 
*SUP 3: $467.88 - 21-DMA 
*SUP 4: $465.25 - Low July 26
*COMMENTARY: Pressure has returned to the 200-DMA with bears needing a close
below to hint at a move back to $458.73-467.88 where 21 & 100-DMAs are noted.
O/B daily studies correcting adds weight to the bearish case. The $489.25-501.75
resistance region remains key. Bulls need a close above $489.25 to ease pressure
on the 200-DMA and above $501.75 to reconfirm a bullish bias and target
$508.50-532.25.

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