ICE GASOIL: (U18) Bears Have The Upper....>

OIL TECHS: ICE GASOIL: (U18) Bears Have The Upper Hand

*RES 4: $698.75 - High May 22 

*RES 3: $681.50 - High July 7 

*RES 2: $668.50 - High July 27 

*RES 1: $667.25 - High August 14 

*PRICE: $644.25 @ 03:38 GMT 

*SUP 1: $636.25 - Low August 15 

*SUP 2: $627.00 - Low July 18 

*SUP 3: $620.02 - Bear channel bottom 

*SUP 4: $613.22 - 200-DMA 

The overall picture looks bearish as the downward trend channel remains intact.

A break below the August 15$636.25 low would be key, allowing bears to target

the lower end of the recent range, where support is likely to be found at

$627.00, with the bear channel base at $620.02. A close below here would be

needed to give the bears the momentum to target the 200-dma at $613.22. Bulls

need a break above $667.25 to regain the upper hand.