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ICE GASOIL: (U18) Bulls Still In Charge...>

OIL TECHS
OIL TECHS: ICE GASOIL: (U18) Bulls Still In Charge For Now
*RES 4: $785.00 - High November 24 2014 
*RES 3: $698.75 - High May 22 
*RES 2: $690.00 - High May 25 
*RES 1: $685.25 - High July 10
*PRICE: $680.75 @ 04:04 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 failure to close above the July 10 highs yesterday will give bears some
glimmer of hope but the overarching trend remains bullish following last
Friday's bullish break above trend channel resistance. The May 22 peak remains
in focus and above here would open up the Nov 2014 highs. 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 will be difficult to breach.

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