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ICE GASOIL: (G18) Bears Need Close........>

OIL TECHS
OIL TECHS: ICE GASOIL: (G18) Bears Need Close Below $592.00
*RES 4: $628.25 - 2015 High May 6 
*RES 3: $620.50 - High May 14 2015 
*RES 2: $619.75 - High Jan 5 
*RES 1: $611.25 - Hourly resistance Jan 5
*PRICE: $606.00 @ 0430GMT
*SUP 1: $601.75 - Low Jan 8 
*SUP 2: $597.50 - Low Jan 3 
*SUP 3: $592.00 - Low Dec 27 
*SUP 4: $587.50 - Hourly resistance Dec 26 now support
*COMMENTARY: Recent 2017 & 2+ year highs saw the contract flirting with the
daily bull channel top ($615.04). Bulls currently focus on $620.50-628.25 where
2015 highs are located. The lack of topside follow through and daily studies
looking to correct from O/B are key concerns and hint at a correction. Bears
continue to look for a close below $592.00 to initially shift focus back to
$572.75-581.00.

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