ICE GASOIL:(U18) Upside Break Potential...>

OIL TECHS: ICE GASOIL:(U18) Upside Break Potential 

*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: $662.50 @ 0505GMT 

*SUP 1: $652.75 - Low August 6 

*SUP 2: $647.50 - Low August 3 

*SUP 3: $638.25 - Low August 2 

*SUP 4: $633.50 - Low July 19 

Gasoil is looking increasingly bullish as prices edge to the upper end of a

large flag pattern that has been forming since the May 22 peak. A break above

yesterday's high would leave the July 27 high within touching distance, and

overcoming this would target the July 7 high at $681.50 and beyond. Bears need

to close below $652.75 to regain some breathing room, and the August 2 lows at

$638.25 to shift the broader focus lower.