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ICE GASOIL: (M18) Bulls Initially.........>

OIL TECHS
OIL TECHS: ICE GASOIL: (M18) Bulls Initially Focused On $686.50
*RES 4: $732.75 - High Nov 11 2014 (Cont)
*RES 3: $717.00 - Low Nov 21 2014 (Cont) now resistance
*RES 2: $686.50 - Low Nov 26 2014 (Cont) now resistance
*RES 1: $677.50 - 2018 High May 9
*PRICE: $676.50 @ 0430GMT
*SUP 1: $666.50 - Hourly support May 9 
*SUP 2: $658.75 - Hourly support May 8 
*SUP 3: $654.25 - Hourly resistance May 8 now support 
*SUP 4: $648.25 - Hourly support May 8
*COMMENTARY: Yet another dip has found support around the 21-DMA with the
sell-off Tuesday aggressively reversed for fresh 2018 & 3+yr highs. The break
through the top of the bull channel now sees bulls focused on the close above
$686.50 to shift immediate focus to $717.00-732.75. Bears now need a close below
$666.50 to ease bullish pressure and below $636.25 to shift initial focus to
$619.50.

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