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ICE GASOIL: (X18) Downside Risks Rising...>

OIL TECHS
OIL TECHS: ICE GASOIL: (X18) Downside Risks Rising
*RES 4: $900.00 - Resistance 
*RES 3: $830.00 - Channel top 
*RES 2: $800.00 - Resistance 
*RES 1: $753.50 - High Oct 3 
*PRICE: $730.75 @ 05:20 GMT 
*SUP 1: $700.00 - Support 
*SUP 2: $673.50 - Low Sep 9 
*SUP 3: $635.50 - Low Aug 15 
*SUP 4: $628.50 - Low July 
The failure to overcome the $750 level on a closing basis last week has allowed
bears to regain some momentum to target the $700 support area, with the 21-dma
coming in at $707.36. A break below here would shift the outlook bearish and
target the Sep 9 low. On the upside, bulls need to reclaim the $750 level, which
marks the measured move target from the bull flag breakout, allowing $80 to come
into focus. 

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