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

OIL TECHS
OIL TECHS: ICE GASOIL: (V17) Bears Need Close Below $534.50
*RES 4: $583.00 - High June 30 2015 
*RES 3: $567.00 - High July 3 2015 
*RES 2: $556.00 - 2017 High Sept 26 
*RES 1: $553.25 - High Sept 27
*PRICE: $549.00 @ 0430GMT
*SUP 1: $545.00 - Low Sept 27 
*SUP 2: $539.50 - Low Sept 26 
*SUP 3: $536.25 - Low Sept 21 
*SUP 4: $534.50 - Hourly resistance Sept 20 now support
*COMMENTARY: Fresh 2017 & 2+ year highs have lacked topside follow through which
is less than ideal given the Bollinger top ($556.99) capping and daily studies
at O/B levels. The $534.50 support remains key. Bears continue to look for a
close below $534.50 to confirm an easing of bullish pressure and initially
pressure $523.25-528.27 where the 21-DMA is situated. While $534.50 supports
bulls target $602.25 highs from June 30 2015.

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