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ICE GASOIL: (V17) Focus Back On $459.25...>

OIL TECHS
OIL TECHS: ICE GASOIL: (V17) Focus Back On $459.25
*RES 4: $487.75 - High Aug 14 
*RES 3: $483.75 - High Aug 18 
*RES 2: $479.00 - 200-DMA, Hourly resistance Aug 21a 
*RES 1: $473.00 - Hourly resistance Aug 21
*PRICE: $471.50 @ 0430GMT
*SUP 1: $466.50 - Low Aug 21 
*SUP 2: $465.00 - Alternating hourly support/resistance 
*SUP 3: $459.25 - Low Aug 17 
*SUP 4: $455.00 - High July 24 now support
*COMMENTARY: Bulls failed to further capitalise on the recovery from a dip below
the 100-DMA ($460.96) with the contract retreating from ahead of the key $487.75
resistance for a bearish close that sees focus back on $459.25-466.50 where the
100-DMA is located. Bears need a close below $459.25 to initially target the
55-DMA ($452.37) and below $442.00 to shift focus back to $408.25 June lows.
Bulls need a close above $479.00 to again target $487.25.

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