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ICE GASOIL: (V17) Supported Ahead Of......>

OIL TECHS
OIL TECHS: ICE GASOIL: (V17) Supported Ahead Of 21-DMA
*RES 4: $510.75 - Monthly High Apr 12 
*RES 3: $499.75 - Monthly High July 31 
*RES 2: $495.00 - High Aug 10 
*RES 1: $485.00 - High Aug 11
*PRICE: $482.25 @ 0430GMT
*SUP 1: $477.25 - Daily Bull channel base 
*SUP 2: $475.00 - Low Aug 11 
*SUP 3: $473.65 - 21-DMA 
*SUP 4: $465.75 - Low July 26
*COMMENTARY: Bears have so far failed to capitalise on the lack of topside
follow through Thursday with Friday's sell-off finding support around the bull
channel base and ahead of the 21-DMA. Initial resistance is noted at $485.00
with bulls needing a close above to gain breathing room and retain focus on
$495.00-499.75. The 21-DMA is now key support with bears needing a close below
to shift immediate focus to $461.49-465.75 where the 100-DMA is noted.

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