ICE GASOIL: (Q18) Below $650.75 To........>

OIL TECHS: ICE GASOIL: (Q18) Below $650.75 To Shift Focus Lower

*RES 4: $679.50 - High June 29

*RES 3: $674.50 - High July 2

*RES 2: $671.25 - High July 3

*RES 1: $668.00 - Alternating hourly support/resistance

*PRICE: $664.25 @ 0430GMT

*SUP 1: $657.80 - 21-DMA 

*SUP 2: $650.75 - Hourly resistance June 26 now support 

*SUP 3: $636.75 - Hourly support June 22 

*SUP 4: $632.00 - Low June 21

*COMMENTARY: Pressure has returned to 21 & 55-DMAs with bears needing a close

below $650.75 to confirm traction below and shift initial focus back to

$630.12-636.75 where the 100-DMA ($630.12) is found. Bulls now need a close

above $671.25 to gain breathing room and above $679.50 to pressure the

$688.25-700.00 region where 2018 highs are noted. The Bollinger top ($680.34)

and O/B studies are key concern for bulls.