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ICE GASOIL (M19): Back Below $650 *RES...>

OIL TECHS
OIL TECHS: ICE GASOIL (M19): Back Below $650 
*RES 4: $697.75 - High Oct 25, 2018 
*RES 3: $681.92 - 76.4% retracement of Oct-Dec decline 
*RES 2: $672.75 - High Nov 8, 2018 
*RES 1: $666.75 - High May 16 
*PRICE: $645.75 @ 05:19 GMT May 21 
*SUP 1: $642.25 - Low May 17 
*SUP 2: $626.94/623.93/623.50 - 55-dma/200-dma/Low May 7 
*SUP 3: $620.75 - Low April 26 
*SUP 4: $598.50 - Low March 28 
Gasoil futures are back below the $650 level as the pullback from the May 16
highs extends. Bears now look to take out yesterday's low at $624.25 and the
21-dma to give them the edge and open a run at the key 55-dma/200-dma/May 7 low
area at $626.94/623.93/623.50. Bulls look to take out Thursday's high at $666.75
to return the focus to the Nov 8 high at $672.75 ahead of the 76.4% retracement
of the Oct-Dec decline at $681.98. 

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