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ICE GASOIL (G19) Another Leg Higher.......>

OIL TECHS
OIL TECHS: ICE GASOIL (G19) Another Leg Higher Looks Likely
*RES 4: $700.00 - Resistance 
*RES 3: $641.34 - 200-dma 
*RES 2: $588.25 - High Dec 7 
*RES 1: $579.50 - High Jan 11
*PRICE: $570.50 @ 05:40 GMT Jan 18 
*SUP 1: $537.21 - 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 
Gasoil futures are looking to target the Jan 11 high at $579.50 to extend the
rally towards the Dec 7 high at $588.25. Above here would open the 200-dma which
comes in at $641.34. On the downside the 21-dma acts as support and bears need
to break below to target the Dec 26 lows at $483.25. Below here opens up
trendline support from the 2016 low.

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