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

OIL TECHS: ICE GASOIL: (M18) Focus On $636.25-648.85

*RES 4: $686.00 - Hourly resistance May 31

*RES 3: $677.25 - Low May 31 now resistance

*RES 2: $672.00 - Hourly resistance June 4

*RES 1: $664.00 - Low June 4 now resistance

*PRICE: $661.25 @ 0430GMT

*SUP 1: $655.50 - Bollinger band base 

*SUP 2: $648.85 - 55-DMA 

*SUP 3: $636.25 - Low May 2 

*SUP 4: $619.22 - 100-DMA

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

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

$636.25-648.85 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 $664.00 to gain

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

2018 high is located.