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ICE GASOIL: (G18) $562.00 & $578.30.......>

OIL TECHS
OIL TECHS: ICE GASOIL: (G18) $562.00 & $578.30 Levels Key Today
*RES 4: $584.68 - 200-WMA 
*RES 3: $578.30 - Alternating hourly support/resistance 
*RES 2: $574.75 - High Dec 13 
*RES 1: $571.25 - High Dec 18
*PRICE: $568.75 @ 0430GMT
*SUP 1: $562.00 - Low Dec 15 
*SUP 2: $555.00 - Low Dec 14 
*SUP 3: $547.74 - 55-DMA 
*SUP 4: $546.32 - Daily Bull channel base (off June 22 low)
*COMMENTARY: Despite looking bid last week the contract was aggressively
rejected ahead of the 200-WMA. A close above the 200-WMA remains needed to see
bulls targeting $601.95-602.50 where June 2015 highs and the bull channel top
are located. Bulls now need a close above $578.30 to reconfirm focus on
$583.25-584.68 where the 200-WMA is located. Initial support is noted at $562.00
with bears needing a close below to gain breathing room.

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