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ICE GASOIL: (G18) Breaks Above Previous...>

OIL TECHS
OIL TECHS: ICE GASOIL: (G18) Breaks Above Previous $622.75 High
*RES 4: $669.25 - May 4 2015 high
*RES 3: $655.00 - Jun 8 2015 high
*RES 2: $637.80 - 6 month bull channel top
*RES 1: $635.75 - May 25 2015 low, now resistance
*PRICE: $626.50 @ 0318GMT     
*SUP 1: $622.75 - Jan 15 high, now support
*SUP 2: $618.45 - Hourly congestion Jan 23-24
*SUP 3: $615.50/55 - Jan 22 high, Jan 24 low
*SUP 4: $611.00 - Jan 23 low
*COMMENTARY: A fresh rise on Wednesday took us through the Jan 15 high at
$622.75, a rally to $628.00 seen so far, as we head towards the 6 month bull
channel top at $637.80. There may be some resistance from around the May 25 2015
low at $635.75 along the way. Any higher than $637.80 and have to look towards
$655.00-$669.25 for next target area. Meanwhile, support comes initially from
above that $622.75 high, although $618.45-$615.50 of more importance below.

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