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ICE GASOIL: (G18) Topside Follow..........>

OIL TECHS
OIL TECHS: ICE GASOIL: (G18) Topside Follow Through Lacking
*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: $618.24 - Bollinger band top
*PRICE: $610.25 @ 0430GMT
*SUP 1: $604.25 - Hourly support Jan 3 
*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 continue and see the contract flirting
with the daily bull channel top ($613.02). 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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