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ICE GASOIL: (V17) Bears Need Close........>

OIL TECHS
OIL TECHS: ICE GASOIL: (V17) Bears Need Close Below $519.75
*RES 4: $546.20 - Daily Bull channel top 
*RES 3: $543.75 - Monthly High July 10 2015 
*RES 2: $536.25 - 2017 High Sept 18 
*RES 1: $533.25 - Hourly support Sept 18 now resistance
*PRICE: $528.50 @ 0430GMT
*SUP 1: $523.50 - Low Sept 18 
*SUP 2: $519.75 - Hourly resistance Sept 13 now support 
*SUP 3: $513.00 - Low Sept 13 
*SUP 4: $510.25 - Hourly support Sept 5, Low Sept 12
*COMMENTARY: Fresh 2017 & 2+ year highs Monday have lacked follow through
leaving the contract looking a little heavy. Bears now look for a close below
$519.75 to shift initial focus back to $510.25. Daily studies correcting from
O/B & momentum divergence remain key concerns for bulls. While $519.75 supports
bull remain focused on tests of the bull channel top with a close above $536.25
needed to add support to their case.

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