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

OIL TECHS: ICE GASOIL: (Z17) Bears Need Close Below $542.00 Today
*RES 4: $569.00 - High July 3 2015 
*RES 3: $555.75 - 2017 High Nov 1 
*RES 2: $553.00 - Hourly support Nov 1 now resistance 
*RES 1: $549.25 - Hourly resistance Nov 1
*PRICE: $546.25 @ 0430GMT
*SUP 1: $542.00 - Low Nov 1 
*SUP 2: $538.75 - High Oct 16 now support 
*SUP 3: $532.75 - Low Oct 27 
*SUP 4: $528.94 - 21-DMA
*COMMENTARY: Topside follow through was lacking on Wednesday's fresh 2017 & 2+
year highs with layers of resistance beginning to build on the hourlies. Bears
now look for a close below $542.00 to confirm an easing of bullish pressure and
below the 21-DMA now to shift focus back to $506.00-517.91 where the bull
channel base and 55-DMA ($513.37). Bulls now need a close above $555.75 to
retain focus on the channel top ($572.24).

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