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ICE GASOIL: (M18) Bears Focused On........>

OIL TECHS
OIL TECHS: ICE GASOIL: (M18) Bears Focused On $636.25-638.76
*RES 4: $705.00 - 2018 High May 17
*RES 3: $703.75 - High May 22
*RES 2: $687.75 - Low May 21 now resistance
*RES 1: $675.75 - High May 28
*PRICE: $673.00 @ 0430GMT
*SUP 1: $666.00 - Low May 28 
*SUP 2: $638.76 - 55-DMA 
*SUP 3: $636.25 - Low May 2 
*SUP 4: $619.50 - Low Apr 17
*COMMENTARY: The double daily top and correcting O/B studies setup nicely for a
break lower Friday with focus now on $636.25-638.76 where the 55-DMA is located.
Layers of resistance have followed the contract lower and add weight to the
bearish case. Bulls now look for a close above $687.50 to ease bearish pressure
and return focus to $703.75-705.00 where 2018 highs are noted.

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