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ICE GASOIL: (X17) Focus Shifts To.........>

OIL TECHS
OIL TECHS: ICE GASOIL: (X17) Focus Shifts To 503.75-513.97
*RES 4: $544.00 - High Oct 17 
*RES 3: $538.50 - Hourly support Oct 18 now resistance 
*RES 2: $531.29 - 21-DMA 
*RES 1: $530.00 - Hourly resistance Oct 19
*PRICE: $526.00 @ 0330GMT
*SUP 1: $513.97 - Daily Bull channel base 
*SUP 2: $510.25 - Low Oct 9 
*SUP 3: $508.61 - 55-DMA 
*SUP 4: $503.75 - Low Sept 11
*COMMENTARY: Pressure on the 21-DMA took its toll with a close below key
supports that now sees focus on the $503.75-513.97 where the daily bull channel
base and 55-DMA are located. Daily studies are well placed for further losses
with bears now needing a close below $503.75 to hint at a move back to 100 &
200-DMAs ($480.20-484.07). Bulls now need a close above $532.50 to ease renewed
bearish pressure and above $538.50 to shift focus higher.

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