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ICE GASOIL: (V17) Pressuring 21-DMA.......>

OIL TECHS
OIL TECHS: ICE GASOIL: (V17) Pressuring 21-DMA
*RES 4: $487.75 - High Aug 14 
*RES 3: $480.75 - Hourly resistance Aug 14 
*RES 2: $478.50 - 200-DMA 
*RES 1: $477.00 - Hourly support Aug 14 now resistance
*PRICE: $476.00 @ 0430GMT
*SUP 1: $474.76 - 21-DMA 
*SUP 2: $473.75 - Low Aug 14 
*SUP 3: $465.75 - Low July 26 
*SUP 4: $461.49 - 100-DMA
*COMMENTARY: The close below the 200-DMA and daily bull channel base ($479.30)
Monday adds weight to the bearish case with bears now needing a close below
$473.75 to confirm a break of the 21-DMA and shift initial focus to
$461.49-465.75. Layers of resistance are accumulating and adding weight to the
bearish case with bulls needing 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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