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ICE GASOIL: (V17) $476.75 Support.........>

OIL TECHS
OIL TECHS: ICE GASOIL: (V17) $476.75 Support Remains Key
*RES 4: $510.75 - Monthly High Apr 12 
*RES 3: $499.75 - Monthly High July 31 
*RES 2: $495.00 - High Aug 10 
*RES 1: $491.00 - Hourly support Aug 30 now resistance
*PRICE: $489.25 @ 0430GMT
*SUP 1: $488.00 - Hourly resistance Aug 30 now support 
*SUP 2: $482.50 - Hourly support Aug 29 
*SUP 3: $477.75 - Low Aug 28 
*SUP 4: $476.75 - Hourly resistance Aug 21 now support
*COMMENTARY: Pressure continues to return to the $476.75-477.75 supports with
bears needing a close below $476.75 to ease bullish pressure and shift focus
back to the $466.50-472.25 support region where the bull channel base is
located. While $476.75 supports bulls remain focused on $499.75 and need a close
above $494.50 to add support to their case. The Bollinger band top ($494.95)
remains a concern for bulls.

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