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ICE GASOIL: (U18) Failure To Close........>

OIL TECHS
OIL TECHS: ICE GASOIL: (U18) Failure To Close Above $700
*RES 4: $800.00 - Resistance
*RES 3: $785.00 - High November 24 2014 
*RES 2: $750.00 - Measured move from the bull flag breakout 
*RES 1: $710.75 - High May 22 
*PRICE: $693.50 @ 06:10 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 
The May 22 top at $698.75 was breached yesterday but subsequently given back as
the contract closed very weak to give bears some breathing room. A close below
back below the confluence of support levels around $668.00 is needed to shift
the near-term outlook neutral, but a break below the Aug 15 lows of $636.25
would be needed to give bears the advantage. Bulls need to close above $700 to
extend the rally. 

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