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OIL TECHS: ICE GASOIL: (V18) Struggling To Break $700
*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: $687.25 @ 05:01 GMT
*SUP 1: $668.25 - High Aug 14, now support
*SUP 2: $636.25 - Low Aug 15
*SUP 3: $627.00 - Low July 18
*SUP 4: $613.75 - Low Apr 17
Oct-18 gasoil futures failed yet again to overcome the $700 level which gives
bears some hope of a bearish reversal. That said, a break below the Aug 14 high
would be needed to shift the short-term outlook negative. The bigger picture
bullish trend remains intact a break above $710.75 would open up the $750 area
which marks the measured move from the bull flag breakout.