ICE GASOIL (G19): Jan 11 High Remains.....>

OIL TECHS: ICE GASOIL (G19): Jan 11 High Remains Key

*RES 4: $700.00 - Resistance 

*RES 3: $647.27 - 200-dma (continuation chart) 

*RES 2: $600.00 - High Dec 4 (continuation chart) 

*RES 1: $579.50 - High Jan 11 

*PRICE: $567.50 @ 05:38 GMT Jan 25 

*SUP 1: $554.75 - Low Jan 14 

*SUP 2: $549.39 - 21-dma (continuation chart) 

*SUP 3: $483.25 - Dec 26 low (continuation chart) 

*SUP 4: $402.50 - Low July 21 2016 (continuation chart) 

Gasoil futures continue to focus on their range highs with a break above the Jan

11 high at $579.50 needed to reignite upside momentum. Above here would trigger

an inverse head and shoulders which would extend the rally towards the Dec 4

high at $600.00 ahead of the 200-dma which comes in at $647.27. On the downside

the Jan 14 low acts as initial support ahead of the 21-dma, and bears need to

break below here to target the Dec 26 lows at $483.25.