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ICE GASOIL: (V18) Break Below 21-dma A....>

OIL TECHS
OIL TECHS: ICE GASOIL: (V18) Break Below 21-dma A Bearish Sign
*RES 4: $800.00 - Resistance 
*RES 3: $785.00 - High November 24 2014 
*RES 2: $750.00 - Measured move from the bull flag breakout 
*RES 1: $710.75 - High Sep 4 
*PRICE: $679.50 @ 06:10 GMT 
*SUP 1: $674.50 - Low Sep 7 
*SUP 2: $668.25 - High Aug 14, now support 
*SUP 3: $636.25 - Low Aug 15 
*SUP 4: $627.00 - Low July 18 
The failure to close above $700 last week and the subsequent drop through the
21-dma has given bears an opportunity to build some downside momentum. The Sep 7
low at $674.50 is now the next level of support and a break of here would
suggest bears have the upper hand. The Sep 4 high at $710.75 remains the target
for the bulls to open up the $750 area which marks the measured move from the
bull flag breakout.

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