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

OIL TECHS
OIL TECHS: ICE GASOIL: (V17) Bears Need Close Below $530.75
*RES 4: $550.11 - Bollinger band top
*RES 3: $548.77 - Daily Bull channel top 
*RES 2: $543.75 - Monthly High July 10 2015 
*RES 1: $539.75 - 2017 High Sept 20
*PRICE: $538.00 @ 0430GMT
*SUP 1: $534.50 - Hourly resistance Sept 20 now support 
*SUP 2: $530.75 - Hourly resistance Sept 20a now support 
*SUP 3: $523.25 - Low Sept 19 
*SUP 4: $519.75 - Hourly resistance Sept 13 now support
*COMMENTARY: Fresh 2017 & 2+ year highs Wednesday reconfirmed the bullish bias
and maintains focus on tests of the daily bull channel top. Daily momentum
divergence and studies correcting from O/B remain the key concern for bulls.
Layers of support are building with bears now needing a close below $530.75 to
ease immediate bullish pressure and below $519.75 to shift initial focus back to
$510.25.

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