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ICE GASOIL: (V18) False Breakout Shifts...>

OIL TECHS
OIL TECHS: ICE GASOIL: (V18) False Breakout Shifts Focus Lower 
*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: $686.75 @ 04:56 GMT 
*SUP 1: $668.25 - High Aug 14 now support 
*SUP 2: $653.00 - Intraday low Aug 22 
*SUP 3: $636.25 - Low Aug 15 
*SUP 4: $627.00 - Low July 18 
After a failure to close above $700 on Tuesday, yesterday's price action further
suggests that bulls are running out of steam. The bigger picture remains
positive with potential for a bull flag breakout still in place but bulls need
to close above $700 to extend the rally. Bears will look to test the Aug 14 high
at $668.25 to shift the focus lower. A close below here would open up the Aug 15
lows of $636.25.

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