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OIL TECHS: ICE GASOIL: (X18) Back Above $700
*RES 4: $800.00 - Resistance
*RES 3: $785.00 - High November 24 2014
*RES 2: $750.00 - Measured move from the bull flag breakout
*RES 1: $707.25 - High Sep 4
*PRICE: $706.50 @ 06:11 GMT
*SUP 1: $687.38 - 21-dma
*SUP 2: $665.00 - Low Aug 14
*SUP 3: $635.50 - Low Aug 15
*SUP 4: $628.50 - Low July 18
Nov-18 gasoil futures followed Brent's lead to break back above the $700 level
as the Sep 4 high of $707.25 comes within touching distance. The bigger picture
trend looks increasingly bullish and a break above $707.25 would open up the
$750 area which marks the measured move from the bull flag breakout. Bears need
a break below the 21-dma to take the pressure off but would would need a close
back below the Aug 14 high to shift the short-term outlook negative.