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ICE GASOIL: (G18) $601.75 Support.........>

OIL TECHS: ICE GASOIL: (G18) $601.75 Support Remains Key
*RES 4: $658.25 - High Nov 28 2014 
*RES 3: $628.25 - 2015 High May 6 
*RES 2: $620.50 - High May 14 2015 
*RES 1: $619.75 - High Jan 5
*PRICE: $617.00 @ 0430GMT
*SUP 1: $615.00 - Hourly support Jan 12 
*SUP 2: $607.25 - Hourly support Jan 9 
*SUP 3: $601.75 - Low Jan 8 
*SUP 4: $597.50 - Low Jan 3
*COMMENTARY: Recent 2017 & 2+ year highs saw the contract flirting with the
daily bull channel top ($619.08). Bulls currently focus on $620.50-628.25 where
2015 highs are located. Daily studies looking to correct from O/B remains the
key concern and hints at a correction. Bears now look for a close below $615.00
to gain breathing room and below $601.75 to shift focus back to $592.00-594.56
where the 21-DMA is found.

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