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ICE GASOIL: (U17) Pressuring 200-DMA......>

OIL TECHS
OIL TECHS: ICE GASOIL: (U17) Pressuring 200-DMA
*RES 4: $500.25 - Low Apr 11 now resistance 
*RES 3: $488.00 - Monthly High May 25 
*RES 2: $482.75 - Falling daily TL 
*RES 1: $475.53 - 200-DMA
*PRICE: $474.25 @ 0430GMT
*SUP 1: $471.50 - Hourly support July 26 
*SUP 2: $465.25 - Low July 26 
*SUP 3: $461.50 - High July 21 now support 
*SUP 4: $456.99 - 100-DMA
*COMMENTARY: Support emerging on dips now sees bulls pressuring the 200-DMA with
a close above needed to shift initial focus to $482.75-488.00 where the falling
daily TL and daily bull channel top are located. Layers of support are building
with bears needing a close below $471.50 to ease bullish pressure and below
$461.50 to shift focus back to $445.30-456.99 where key DMAs and the bull
channel base ($447.50) is located.

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