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ICE GASOIL (G19) 21-DMA Becomes Support...>

OIL TECHS
OIL TECHS: ICE GASOIL (G19) 21-DMA Becomes Support
*RES 4: $700.00 - Resistance 
*RES 3: $642.42 - 200-dma 
*RES 2: $585.04 - 38.2% Retracement of decline from $748.50 
*RES 1: $550.00 - Pivot
*PRICE: $538.00 @ 05:45 GMT Jan 8 
*SUP 1: $533.75 - 21-dma 
*SUP 2: $483.25 - Dec 26 low 
*SUP 3: $460.00 - Up trendline support from 2016 lows 
*SUP 4: $441.50 - Low July 23 2016 
The 21-dma has turned from resistance to support as bulls look to hold above
here to maintain the uptrend and challenge the 550.00 pivot. Above here opens
the 38.2% retracement level at $585.04. Below the 21-dma targets the Dec 26 lows
at $483.25 below which opens up trendline support from the 2016 lows.

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