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ICE GASOIL: (U18) Momentum Stalls Ahead...>

OIL TECHS
OIL TECHS: ICE GASOIL: (U18) Momentum Stalls Ahead Of $700 Area
*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: $686.75 @ 04:30 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 
While the bullish trend remains intact momentum appears to be stalling ahead of
the $700 area. Bulls need a close above the May 22 high of $690.00 to post fresh
cycle highs and confirm the bull flag formation that targets $750. Bears need to
close back below the confluence of support levels around $668.00 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.

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