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ICE GASOIL: (U18) Topped Out *RES 4:......>

OIL TECHS
OIL TECHS: ICE GASOIL: (U18) Topped Out
*RES 4: $698.75 - High May 22
*RES 3: $681.50 - High July 7
*RES 2: $668.50 - High July 27
*RES 1: $667.25 - High August 14 and bear channel top
*PRICE: $653.50 @ 03:08 GMT
*SUP 1: $636.25 - Low August 15
*SUP 2: $627.00 - Low July 18
*SUP 3: $620.02 - Bear channel bottom
*SUP 4: $614.61 - 200-DMA
After overcoming the Aug 17 high, gasoil futures peaked at $656.00 suggesting
the downtrend looks set to continue. A break below the August 15 low of $636.25
is needed to shift the outlook outright bearish. Below here would allow bears to
target the lower end of the recent range, with the July 18 low at $627.00, and
bear channel base at $620.02. Bulls need a break above $667.25 to regain the
upper hand and challenge the bear channel top.

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