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ICE GASOIL: (X18) $700 Gives Way *RES.....>

OIL TECHS
OIL TECHS: ICE GASOIL: (X18) $700 Gives Way
*RES 4: $830.00 - Channel top 
*RES 3: $800.00 - Resistance 
*RES 2: $753.50 - High Oct 3 
*RES 1: $727.00 - Low Oct 8, now resistance 
*PRICE: $697.00 @ 06:01 GMT 
*SUP 1: $693.70 - 55-dma
*SUP 2: $673.50 - Low Sep 9 
*SUP 3: $644.17 - 200-dma 
*SUP 4: $635.50 - Low Aug 15 
Nov-18 Gasoil futures broke cleanly below the $700 level yesterday to give bears
the advantage. Bulls are clinging to the 55-dma at $693.70 but downside momentum
is building and a break looks likely. Bulls need to recover $700 to return the
focus to the upside and target the Oct 3 highs. 

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