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

OIL TECHS: ICE GASOIL: (U18) Above 55-DMA To Shift Focus Higher

*RES 4: $685.25 - High July 10

*RES 3: $679.97 - Daily bear channel top off May 22 high

*RES 2: $674.75 - Low July 10 now resistance

*RES 1: $668.25 - High July 26

*PRICE: $665.75 @ 0430GMT

*SUP 1: $662.75 - Hourly resistance July 26 now support 

*SUP 2: $658.50 - Hourly support July 25 

*SUP 3: $653.00 - Hourly support July 24 

*SUP 4: $647.25 - Low July 24

*COMMENTARY: The recovery from July lows sees the contract trading above the

55-DMA ($664.05) with focus having shifted to $674.75-687.50 where the bear

channel top off May 22 highs is noted. Initial support is now noted at $662.75

but bears 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.