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

OIL TECHS
OIL TECHS: ICE GASOIL: (G18) Topside Hesitation Taking Its Toll
*RES 4: $656.00 - High Sept 26 2017
*RES 3: $636.85 - Daily Bull channel top
*RES 2: $630.50 - 2018 High Jan 26
*RES 1: $625.75 - Hourly support Jan 29 now resistance
*PRICE: $617.00 @ 0430GMT
*SUP 1: $615.25 - Hourly support Jan 23 
*SUP 2: $613.39 - 21-DMA 
*SUP 3: $611.00 - Low Jan 23 
*SUP 4: $601.75 - Low Jan 8
*COMMENTARY: Continued hesitation ahead of recent 2018 highs and the bull
channel top has resulted in a correction back towards the 21-DMA. Bears look for
a close below $611.00 to confirm a break and hint at a deeper correction back to
$581.00-592.00 where the 55-DMA ($585.67) is noted. Bulls now look for a close
above $625.75 to gain breathing room and above $630.50 to reconfirm focus on
$636.86-656.00.

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