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ICE GASOIL: (G18) Below $601.75 To........>

OIL TECHS
OIL TECHS: ICE GASOIL: (G18) Below $601.75 To Shift Focus Lower
*RES 4: $628.25 - 2015 High May 6
*RES 3: $622.75 - 2018 High Jan 15
*RES 2: $618.50 - Hourly resistance Jan 16
*RES 1: $615.00 - High Jan 17
*PRICE: $610.75 @ 0430GMT
*SUP 1: $604.74 - 21-DMA 
*SUP 2: $601.75 - Low Jan 8 
*SUP 3: $592.00 - Low Dec 27 
*SUP 4: $581.00 - Low Dec 26
*COMMENTARY: Recent 2018 and 3yr highs lacked follow through as daily studies
correct from O/B. Layers of support remain with bears needing a close below
$601.75 to confirm a break of the 21-DMA and shift focus back to $568.54-581.00
where the bull channel base and 55-DMA are situated. Bulls need a close above
$622.75 to reconfirm the bullish bias and retain focus on $628.25-658.25 where
2015 highs are situated.

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