ICE GASOIL: (U18) July 18 Lows............>

OIL TECHS: ICE GASOIL: (U18) July 18 Lows Approaching

*RES 4: $668.50 - High July 27 

*RES 3: $667.00 - High July 31 

*RES 2: $660.50 - Low July 27 

*RES 1: $646.55 - 100-DMA 

*PRICE: $642.75 @ 0540GMT 

*SUP 1: $633.50 - Low July 19

*SUP 2: $627.00 - Low July 18 

*SUP 3: $627.28 - Daily bear channel low 

*SUP 4: $606.81 - 200-DMA 

Bears look set to test the July 18 low amid intensified weakness as prices head

towards the bottom of the daily bear channel. Bulls will need to recover the

100-DMA at $646.55 Bulls will need to recover $646.55 to gain some breathing

room, and $667.00 to keep alive hopes of a bullish breakout from the bear

channel, which is looking increasingly unlikely following recent declines.