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ICE GASOIL: (V17) $495.00-501.25..........>

OIL TECHS
OIL TECHS: ICE GASOIL: (V17) $495.00-501.25 Support Region Key Today
*RES 4: $530.78 - Daily Bull channel top 
*RES 3: $522.18 - Monthly High Feb 2 
*RES 2: $516.00 - High Feb 22 
*RES 1: $511.25 - Hourly resistance Sept 1
*PRICE: $510.00 @ 0430GMT
*SUP 1: $505.25 - Hourly support Aug 31 
*SUP 2: $501.25 - Hourly support Aug 31a 
*SUP 3: $495.00 - High Aug 10 now support
*SUP 4: $487.00 - Hourly support Aug 31
*COMMENTARY: Having remained supported on dips back to the $476.75-477.75 region
bulls reconfirmed dominance with an aggressive rally to 9mth highs that sees
focus shift to $516.00-534.00 where the bull channel top and 2017 highs are
located. The Bollinger top is the key concern for bulls and hints the move is
looking a little O/B. In saying that, bears need a close below $501.25 to ease
bullish pressure and below $595.00 to shift focus back to $476.75-477.75.

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