ICE GASOIL: (H18) Bulls Need Close........>

OIL TECHS: ICE GASOIL: (H18) Bulls Need Close Above 55-DMA

*RES 4: $608.75 - High Feb 5

*RES 3: $601.00 - High Feb 6

*RES 2: $590.19 - 55-DMA

*RES 1: $581.25 - Hourly resistance Feb 7

*PRICE: $577.50 @ 0430GMT

*SUP 1: $571.50 - Low Dec 20 

*SUP 2: $564.27 - 100-DMA 

*SUP 3: $554.25 - Low Dec 14 

*SUP 4: $546.25 - Monthly Low Dec 6

*COMMENTARY: Having recently looked offered bears have not been disappointed

with the contract now flirting with the 200-WMA ($577.68) with initial focus on

the 100-DMA. Bears look for a close below the 100-DMA to add weight to the case

for a move to $536.50-546.25 with overall focus shifting to the 200-DMA

($514.71). Bulls now look for a close above the 55-DMA to ease bearish pressure

and above the 21-DMA ($511.67) to shift focus back to $625.25-631.25.