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ICE GASOIL: (U18) Above 55-DMA To Shift...>

OIL TECHS
OIL TECHS: ICE GASOIL: (U18) Above 55-DMA To Shift Focus Higher
*RES 4: $685.25 - High July 10
*RES 3: $680.36 - Daily bear channel top off May 22 high
*RES 2: $674.75 - Low July 10 now resistance
*RES 1: $664.14 - 55-DMA
*PRICE: $662.50 @ 0430GMT
*SUP 1: $658.50 - Hourly support July 25 
*SUP 2: $653.00 - Hourly support July 24 
*SUP 3: $647.25 - Low July 24 
*SUP 4: $643.00 - Low July 23
*COMMENTARY: Correcting O/S daily studies remain a concern for bulls with the
contract recovering from closes below the 100-DMA ($642.25) last week to
currently flirt with the 55-DMA. Bulls continue to look for a close above the
55-DMA to shift initial focus back to $674.75-687.50. Bears now look for a close
below $658.50 to gain breathing room and below $643.00 to return focus to
$614.50-627.00 where July lows so far are located.

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