ICE GASOIL: (U18) Focus Remains On The....>

OIL TECHS: ICE GASOIL: (U18) Focus Remains On The Downside

*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 and bear channel top

*PRICE: $648.00 @ 05:12 GMT 

*SUP 1: $636.25 - Low August 15 

*SUP 2: $627.00 - Low July 18 

*SUP 3: $620.02 - Bear channel bottom 

*SUP 4: $614.13 - 200-DMA 

Gasoil futures continue to look weak with yesterday's price action failing to

overcome Friday's high. A break below the August 15 low of $636.25 is needed to

shift the outlook outright bearish. Below here would allow bears to target the

lower end of the recent range, with the July 18 low at $627.00, and bear channel

base at $620.02. Bulls need a break above $667.25 to regain the upper hand and

challenge the bear channel top.