ICE GASOIL: (M18) Focus On................>

OIL TECHS: ICE GASOIL: (M18) Focus On $636.25-646.33

*RES 4: $703.75 - High May 22

*RES 3: $693.25 - High May 31

*RES 2: $686.00 - Hourly resistance May 31

*RES 1: $677.25 - Low May 31 now resistance

*PRICE: $671.00 @ 0430GMT

*SUP 1: $667.54 - Rising daily TL off Mar 12 low 

*SUP 2: $666.00 - Low May 28 

*SUP 3: $646.33 - 55-DMA 

*SUP 4: $636.25 - Low May 2

*COMMENTARY: Topside follow through was lacking on the break of $690.00 with the

contract remaining offered. The close below $677.25 shifts focus back to

$636.25-646.33 where the 55-DMA is located. Daily studies approaching O/S are a

concern for bears. In saying that, bulls now need a close above $677.25 to gain

breathing room and above $693.25 to return focus to $703.75-705.00 where the

2018 high is located.