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ICE GASOIL: (U18) Bulls Reaffirm Their....>

OIL TECHS
OIL TECHS: ICE GASOIL: (U18) Bulls Reaffirm Their Advantage
*RES 4: $785.00 - High November 24 2014 
*RES 3: $750.00 - Measured move from the bull flag breakout 
*RES 2: $698.75 - High May 22 
*RES 1: $690.00 - High May 25 
*PRICE: $689.75 @ 04:07 GMT 
*SUP 1: $668.00 - Resistance now support 
*SUP 2: $653.00 - Intraday low August 22 
*SUP 3: $636.25 - Low August 15 
*SUP 4: $627.00 - Low July 18 
Gasoil's rise above the July 10 highs yesterday has added to the bullish picture
with the May highs now within touching distance. A break above $698.75 would
suggest a bull flag is in progress which would target a move to $750. Bears need
to recover the $668.00 level to shift the near-term outlook neutral, but the
solid base formed at the bear channel bottom suggests that any weakness above
here is corrective. 

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