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ICE GASOIL: (M18) Bears Need Close........>

OIL TECHS
OIL TECHS: ICE GASOIL: (M18) Bears Need Close Below $654.25
*RES 4: $686.50 - Low Nov 26 2014 (Cont) now resistance
*RES 3: $670.62 - Daily Bull channel top
*RES 2: $665.50 - 2018 High May 7
*RES 1: $663.07 - Bollinger band top
*PRICE: $660.50 @ 0430GMT
*SUP 1: $654.25 - Low May 7 
*SUP 2: $652.25 - Hourly support May 4 
*SUP 3: $642.18 - 21-DMA 
*SUP 4: $636.25 - Low May 2
*COMMENTARY: Bulls took comfort last week with support emerging on dips back
towards the 21-DMA resulting in fresh 2018 & 3+ yr highs and adding support to
the case for a test of the bull channel top. Daily studies are well placed for a
fresh leg higher. Bears now look for a close below $65$.25 to gain breathing
room. A close below $636.25 is needed to confirm a break of the 21-DMA and shift
initial focus to $619.50.

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