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

OIL TECHS: ICE GASOIL: (G18) $601.75 Support Key Today
*RES 4: $630.50 - 2018 High Jan 26
*RES 3: $625.75 - Hourly support Jan 29 now resistance
*RES 2: $618.25 - Hourly resistance Jan 30
*RES 1: $613.68 - 21-DMA
*PRICE: $610.00 @ 0430GMT
*SUP 1: $601.75 - Low Jan 8 
*SUP 3: $592.00 - Low Dec 27 
*SUP 4: $586.33 - 55-DMA 
*SUP 4: $581.00 - Low Dec 26
*COMMENTARY: Continued hesitation ahead of recent 2018 highs and the bull
channel top has resulted in a correction with the contract trading below the
21-DMA. Bears now look for a close below $601.75 to confirm a shift in focus
back to $572.75-592.00 where the bull channel base and 55-DMA are located.
Resistance layers are building and weighing with bulls now needing a close above
$618.25 to gain breathing room and retain focus on $637.86-656.00.

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