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

OIL TECHS
OIL TECHS: ICE GASOIL: (H18) Bulls Need Close Above $566.50
*RES 4: $581.25 - Hourly resistance Feb 7
*RES 3: $575.75 - Hourly resistance Feb 8
*RES 2: $566.50 - High Feb 12
*RES 1: $559.00 - Hourly resistance Feb 12
*PRICE: $554.25 @ 0430GMT
*SUP 1: $549.50 - Low Feb 12 
*SUP 2: $546.25 - Monthly Low Dec 6, 2018 Low Feb 9 
*SUP 3: $536.50 - Monthly Low Nov 2 
*SUP 4: $528.75 - Low Oct 27
*COMMENTARY: Having looked offered bears have not been disappointed with the
contract putting in a weekly close below the 200-WMA ($576.16). Immediate focus
is now on $546.25 with bears needing a close below to shift initial focus to
$516.17-528.75 where the 200-DMA ($516.17) is located. Bulls now need a close
above $566.50 to ease bearish pressure and above the 55-DMA ($589.60) to hint at
a move back to $625.25-631.25.

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