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ICE GASOIL: (V17) Focus Now On $487.25....>

OIL TECHS
OIL TECHS: ICE GASOIL: (V17) Focus Now On $487.25
*RES 4: $499.75 - Monthly High July 31 
*RES 3: $495.00 - High Aug 10 
*RES 2: $487.75 - High Aug 14 
*RES 1: $483.75 - High Aug 18
*PRICE: $482.25 @ 0430GMT
*SUP 1: $478.76 - 200-DMA 
*SUP 2: $477.00 - Alternating hourly support/resistance 
*SUP 3: $472.00 - Hourly resistance Aug 18 now support 
*SUP 4: $468.25 - Low Aug 18
*COMMENTARY: The lack of follow through on the dip below the 100-DMA ($461.27)
was identified as a concern with bulls taking advantage and closing above the
200-DMA Friday. Immediate pressure is back on the $487.75 level with bulls
needing a close above to confirm focus on $495.00-499.75. Above $499.75 is
needed to reconfirm the bullish bias. Bears now need a close below $477.00 to
ease bullish pressure and return focus to $472.00.

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