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

OIL TECHS
OIL TECHS: ICE GASOIL: (M18) Bulls Need Close Above $690.00 Today
*RES 4: $714.31 - Bollinger band top
*RES 3: $705.00 - 2018 High May 17
*RES 2: $703.75 - High May 22
*RES 1: $690.00 - Low May 23 now resistance
*PRICE: $684.75 @ 0430GMT
*SUP 1: $679.02 - 21-DMA 
*SUP 2: $677.75 - High May 29 now support 
*SUP 3: $666.00 - Low May 28 
*SUP 4: $640.60 - 55-DMA
*COMMENTARY: Bears have so far failed to gain traction below the 21-DMA with the
bounce Wednesday returning pressure to $690.00. Bulls now need a close above
this level to return focus to $703.75-705.00 where 2018 highs and the double
daily top are noted. Bears now look for a close below $677.75 to return pressure
to $666.00 with a close below then needed to target the 55-DMA.

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