ICE GASOIL: (Q18) Bears Focused On........>

OIL TECHS: ICE GASOIL: (Q18) Bears Focused On $615.75-622.20

*RES 4: $658.65 - 21-DMA

*RES 3: $658.50 - Low June 13 now resistance

*RES 2: $656.50 - 55-DMA

*RES 1: $651.25 - High June 22

*PRICE: $641.25 @ 0430GMT

*SUP 1: $632.00 - Low June 21 

*SUP 2: $622.20 - 100-DMA 

*SUP 3: $615.75 - Low Apr 17 

*SUP 4: $604.25 - High Apr 9 now support

*COMMENTARY: Pressure on $656.50-658.65 where 21 & 55-DMAs are situated failed

to produce a break higher with bears now focused on $615.75-622.20 where the

100-DMA and bear channel base are located. The Bollinger base ($634.42) remains

the key concern for bears. Bulls continue to look for a close above the 21-DMA

to gain breathing room and above $672.00 to end bearish hopes and shift

immediate focus to $688.25-700.00.