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ICE GASOIL: (U18) Higher Lows Still In....>

OIL TECHS
OIL TECHS: ICE GASOIL: (U18) Higher Lows Still In Place For Now 
*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: $648.25 @ 0545GMT 
*SUP 1: $638.25 - Low August 2 
*SUP 2: $627.00 - Low July 18 
*SUP 3: $622.70 - Bear channel bottom 
*SUP 4: $610.60 - 200-DMA 
Gasoil remains above the August 2 lows at $638.25 which keeps the short-term
outlook neutral for now. Bears need a to break below this to open up the July 18
lows at $627.00 and test the bear channel bottom. For the bulls, a close below
the August 7 high at $666.25 is needed to shift the outlook positive and target
the top of the large flag pattern that has been forming since the May 22 peak.

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