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ICE GASOIL: (H18) $606.00 Support Key.....>

OIL TECHS
OIL TECHS: ICE GASOIL: (H18) $606.00 Support Key Today
*RES 4: $639.10 - Daily Bull channel top
*RES 3: $631.25 - 2018 High Jan 26
*RES 2: $625.75 - Hourly resistance Jan 29
*RES 1: $619.00 - Hourly resistance Jan 30
*PRICE: $616.25 @ 0430GMT
*SUP 1: $609.25 - Low Jan 31 
*SUP 2: $606.00 - Low Jan 19 
*SUP 3: $596.00 - Low Jan 3 
*SUP 4: $589.75 - Low Dec 27
*COMMENTARY: Bears have so far failed to capitalise on the correction lower
following recent 2018 & 4mth highs with bulls taking comfort as the contract
trades back above the 21-DMA ($614.40). Bulls need a close above $619.00 to gain
breathing room and above $625.75 to reconfirm focus on $631.25-639.10 where 2018
highs and bull channel top are noted. Bears need a close below $606.00 to shift
initial focus to $586.81-596.00.

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