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ICE GASOIL: (X17) Looking A Little........>

OIL TECHS
OIL TECHS: ICE GASOIL: (X17) Looking A Little Heavy
*RES 4: $536.00 - High Oct 5 
*RES 3: $527.50 - Hourly support Oct 6 now resistance 
*RES 2: $524.50 - Low Oct 5 
*RES 1: $521.25 - Hourly resistance Oct 6
*PRICE: $517.50 @ 0330GMT
*SUP 1: $514.25 - Low Oct 4 
*SUP 2: $506.59 - Bollinger band base 
*SUP 3: $506.00 - Low Sept 12 
*SUP 4: $503.75 - Low Sept 11
*COMMENTARY: Bulls failed to take advantage of Thursday's recovery with the
sell-off Friday leaving the contract looking heavy and pressuring $514.25. Bears
need a close below this level to shift immediate focus to $500.09-503.75 where
the 55-DMA and bull channel base are situated. Layers of resistance are weighing
on the contract with bulls needing a close above $527.50 to return pressure to
$537.25 and above this level to target $550.50-561.29.

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