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ICE GASOIL: (V17) Bears Dominate While....>

OIL TECHS
OIL TECHS: ICE GASOIL: (V17) Bears Dominate While $521.25 Caps
*RES 4: $539.77 - Daily Bull channel top 
*RES 3: $534.25 - 2017 High Sept 8 
*RES 2: $529.75 - Hourly support Sept 8 now resistance 
*RES 1: $521.25 - Low Sept 8 now resistance
*PRICE: $516.50 @ 0430GMT
*SUP 1: $515.25 - Hourly support Sept 11 
*SUP 2: $510.25 - Hourly support Sept 5 
*SUP 3: $503.00 - Hourly support Sept 5a 
*SUP 4: $495.00 - High Aug 10 now support
*COMMENTARY: Fresh 2017 and 2+ year highs Friday lacked follow through and
combined with very O/B studies increases the risk of a correction with bears
taking comfort in Monday's sell-off. bears now need a close below $510.25 to
confirm focus on $493.55-503.00 where key supports and the 21-DMA are situated.
Resistance layers are building with bulls now needing a close above $521.25 to
gain breathing room and return focus to 2017 highs.

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