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ICE GASOIL:(Z18) Bears Keep The...........>

OIL TECHS
OIL TECHS: ICE GASOIL:(Z18) Bears Keep The Pressure On
*RES 4: $830.00 - Channel top 
*RES 3: $800.00 - Resistance 
*RES 2: $751.00 - High Oct 3 
*RES 1: $696.50 - 55-dma 
*PRICE: $654.75 @ 05:30 GMT 
*SUP 1: $647.27 - 200-dma 
*SUP 2: $632.25 - Low Aug 15 
*SUP 3: $600.00 - Support 
*SUP 4: $538.00 - Low Feb 9 
Dec-18 Gasoil futures failed to sustain yesterday's gains following the bounce
off the 200-dma on Friday, with the level once again under pressure. A break
below here would add weight to the bearish case, potentially accelerating the
downtrend towards the Aug 15 lows, ahead of a return to the $600 level. A break
above the 55-dma is needed to shift the outlook bullish and open the Oct 3
highs. 

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