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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: $663.18 - Daily Bull channel top
*RES 2: $661.00 - High Nov 28 2014 (Cont)
*RES 1: $648.75 - 2018 High Apr 11
*PRICE: $636.25 @ 0430GMT
*SUP 1: $631.75 - High Apr 10 now support 
*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 focused on $661.00-663.18 where the channel
top is noted. The Bollinger top ($644.28) remains the key concern. Bears now
need a close below $631.75 to gain breathing room and below $624.00 to shift
focus back to $586.82-613.50 where key DMAs and the Bull channel bases are
found.

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