ICE GASOIL: (U18) Confined to.............>

OIL TECHS: ICE GASOIL: (U18) Confined to Consolidation Pattern

*RES 4: $698.75 - High May 22 

*RES 3: $681.50 - High July 7 

*RES 2: $668.50 - High July 27 

*RES 1: $666.25 - High August 7 

*PRICE: $655.00 @ 07:04 GMT 

*SUP 1: $638.25 - Low August 2 

*SUP 2: $627.00 - Low July 18 

*SUP 3: $620.02 - Bear channel bottom

*SUP 4: $610.05 - 200-DMA 

Price activity is being confined to an increasingly narrow range. Yesterday's

rebound from the lower end of the range has failed to overcome the initial

660.25 zone, keeping the focus on the bottom of the consolidation range and

trendline support at 646.43. However, a close below the August 2 low at $638.25

would be needed to give the bears the momentum targeting 620.02. Bulls need a

break above 666.25 to gain the upper hand.