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ICE GASOIL: (X18) Potential Basing........>

OIL TECHS
OIL TECHS: ICE GASOIL: (X18) Potential Basing Pattern
*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: $714.50 @ 05:16 GMT 
*SUP 1: $704.10 - Low Oct 18 
*SUP 2: $700.00 - Support 
*SUP 3: $673.50 - Low Sep 9 
*SUP 4: $635.50 - Low Aug 15 
Nov-18 Gasoil futures have now held $710 on a closing basis for the past six
days despite breaking below this level intraday. A break above Friday's high at
$720 would shift the focus to the upside and the Oct 8 low at $727. Above here
opens the the Oct 3 peak at $753.50. Bears need a close below $710 to open $700
and below here would suggest a bearish reversal is in play. 

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