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(U18) Launch Pad In place *RES 4:........>

OIL TECHS
OIL TECHS: (U18) Launch Pad In place 
*RES 4: $785.00 - High November 24 2014 
*RES 3: $698.75 - High May 22 
*RES 2: $690.00 - High May 25 
*RES 1: $681.50 - High July 7 
*PRICE: $669.00 @ 04:00 GMT 
*SUP 1: $653.00 - Intraday low August 22 
*SUP 2: $636.25 - Low August 15 
*SUP 3: $627.00 - Low July 18 
*SUP 4: $620.02 - Bear channel bottom 
After breaking through its bear channel top Gasoil has triggered a bull flag
formation which could provide a launch pad for the next rally. The next
resistance level comes in at the May 25 highs, and a break above here would open
up the 2017 highs. Bears need to recover the $653.00 level to shift the
near-term outlook neutral, but the solid base formed at the bear channel bottom
will be difficult to breach. 

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