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ICE GASOIL: (K18) Bears Need Close........>

OIL TECHS
OIL TECHS: ICE GASOIL: (K18) Bears Need Close Below $624.00
*RES 4: $686.50 - Low Nov 26 2014 (Cont) now resistance
*RES 3: $662.46 - Daily Bull channel top
*RES 2: $661.00 - High Nov 28 2014 (Cont)
*RES 1: $648.75 - 2018 High Apr 11
*PRICE: $642.00 @ 0430GMT
*SUP 1: $638.00 - Hourly support Apr 11 
*SUP 2: $626.00 - Low Apr 11 
*SUP 3: $624.00 - High Mar 27 now support 
*SUP 4: $613.50 - High Apr 9 now support
*COMMENTARY: The recovery from $598.00 and ahead of 21 & 55-DMAs has resulted in
fresh 2018 & 3+yr highs with bulls now focused on $661.00-662.46 where the
channel top is noted. The Bollinger top ($644.03) remains the key concern. Bears
now need a close below $638.00 to gain breathing room and below $624.00 to shift
focus back to $586.07-613.50 where key DMAs and the Bull channel bases are
found.

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