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ICE GASOIL: (Z17) Bears Need Close........>

OIL TECHS
OIL TECHS: ICE GASOIL: (Z17) Bears Need Close Below 21-DMA
*RES 4: $552.25 - Monthly High Nov 4 2015 
*RES 3: $542.00 - 2017 High Sept 26 
*RES 2: $539.13 - Bollinger band top 
*RES 1: $538.75 - High Oct 16
*PRICE: $537.75 @ 0330GMT
*SUP 1: $536.75 - High Oct 17 now support 
*SUP 2: $533.25 - High Oct 25 now support 
*SUP 3: $524.75 - Hourly support Oct 24 
*SUP 4: $523.93 - 21-DMA
*COMMENTARY: Support emerging on dips back towards the 21-DMA provided the
impetus for a break higher that sees immediate bullish focus on $542.00. Bulls
need a close above to shift focus to $552.25-567.72 where the bull channel top
is situated. Bears now need a close below $533.25 to ease immediate bullish
pressure and below the 21-DMA to shift focus back to $506.00-516.50 where the
55-DMA and bull channel base are located.

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