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ICE GASOIL: (U17) Supported Ahead Of......>

OIL TECHS
OIL TECHS: ICE GASOIL: (U17) Supported Ahead Of 200-DMA
*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: $487.00 @ 0430GMT
*SUP 1: $485.25 - Hourly resistance Aug 9 now support 
*SUP 2: $480.00 - Hourly support Aug 9 
*SUP 3: $475.69 - 200-DMA 
*SUP 4: $471.25 - Low July 27
*COMMENTARY: Despite pressuring the 200-DMA support continues to emerge on dips
with bears needing a close below the 200-DMA confirm an easing of bullish
pressure and below the 21-DMA ($470.67) to shift immediate focus to
$457.25-465.25. Bulls still 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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