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ICE GASOIL: (K18) Topside Hesitation A....>

OIL TECHS
OIL TECHS: ICE GASOIL: (K18) Topside Hesitation A Worry
*RES 4: $659.28 - Daily Bull channel top
*RES 3: $657.25 - High Apr 24
*RES 2: $650.75 - Hourly support Apr 24 now resistance
*RES 1: $648.75 - Alternating daily support/resistance
*PRICE: $646.75 @ 0430GMT
*SUP 1: $640.25 - Low Apr 23 
*SUP 2: $636.00 - Low Apr 20 
*SUP 3: $628.05 - 21-DMA 
*SUP 4: $623.00 - Low Apr 17
*COMMENTARY: The contract continues to hesitate around a bull channel top and
the Bollinger top ($660.88) with the close below $648.75 leaving K18 looking a
little offered. Bears now look for a close below $636.00 to shift initial focus
back to $623.00-628.05 where the 21-DMA is noted. Bulls now need a close above
$650.75 to gain breathing room and above $657.25 to reconfirm initial focus on
the MT bull channel top around $668.91.

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