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ICE GASOIL: (K18) $632.50 Support Key.....>

OIL TECHS
OIL TECHS: ICE GASOIL: (K18) $632.50 Support Key This Week
*RES 4: $667.47 - Daily Bull channel top
*RES 3: $661.00 - High Nov 28 2014 (Cont)
*RES 2: $654.86 - Bollinger band top
*RES 1: $651.75 - 2018 Apr 19
*PRICE: $647.25 @ 0430GMT
*SUP 1: $636.00 - Low Apr 20 
*SUP 2: $632.50 - Hourly support Apr 18 
*SUP 3: $624.40 - 21-DMA 
*SUP 4: $623.00 - Low Apr 17
*COMMENTARY: Support emerged on the dip Friday with bears continuing to look for
a close below $632.50 to shift focus initial back to $623.00-624.40 where the
21-DMA is noted. Below the 21-DMA then initially targets $613.50. While $632.50
supports bulls retain the upper hand and focus on $661.00-667.47 where a bull
channel top is noted. The Bollinger band top and O/B studies remain the key
concern for bulls.

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