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

OIL TECHS
OIL TECHS: ICE GASOIL: (V17) Bulls Need Close Above $480.75
*RES 4: $487.75 - High Aug 14 
*RES 3: $480.75 - Hourly resistance Aug 14 
*RES 2: $478.60 - 200-DMA 
*RES 1: $477.00 - Hourly support Aug 14 now resistance
*PRICE: $475.00 @ 0430GMT
*SUP 1: $470.50 - Hourly support Aug 15 
*SUP 2: $467.25 - Low Aug 15 
*SUP 3: $465.75 - Low July 26 
*SUP 4: $461.46 - 100-DMA
*COMMENTARY: Despite closing below the 200-DMA, the lack of follow through on
the dip below the 21-DMA is a concern for bears. The bounce confirms
significance of $465.75-467.25 with a close below initially needed to pressure
the 100-DMA. The $478.60-480.75 resistance where the 200-DMA is noted is key.
Bulls need a close above $480.75 to ease immediate bearish pressure and above
$487.75 to shift focus back to $495.00-499.75.

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