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

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

*RES 4: $668.50 - High July 27 

*RES 3: $667.00 - High July 31 

*RES 2: $660.50 - Low July 27 now resistance 

*RES 1: $660.48 - 55-DMA 

*PRICE: $653.75 @ 0540GMT 

*SUP 1: $644.75 - Hourly High August 2 

*SUP 2: $638.25 - Low August 2 

*SUP 3: $633.50 - Low July 19 

*SUP 4: $627.00 - Low July 18 

Bulls have the upper hand after Thursday's gains were consolidated on Friday,

with prices edging higher. The 55-DMA is the next hurdle for the bulls to

overcome of they are to challenge the late-July highs and attempt to break out

of the bull flag that is forming from the May 22 peak. Bears need a break below

the August 2 low to shift the momentum bearish once again and set up an attempt

at the mid-July lows.