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

OIL TECHS
OIL TECHS: ICE GASOIL: (H18) Bulls Need Close Above $568.25
*RES 4: $575.75 - Hourly resistance Feb 8
*RES 3: $568.25 - Low Feb 8 now resistance
*RES 2: $559.00 - Hourly resistance Feb 12
*RES 1: $555.50 - High Feb 13
*PRICE: $548.50 @ 0430GMT
*SUP 1: $542.50 - 2018 Low Feb 13 
*SUP 2: $536.50 - Monthly Low Nov 2 
*SUP 3: $528.75 - Low Oct 27 
*SUP 4: $516.62 - 200-DMA
*COMMENTARY: Having looked offered bears have not been disappointed with the
contract putting in a weekly close below the 200-WMA ($576.14). Immediate focus
is now on $536.50 with bears needing a close below add weight to the case for a
test of $516.17-528.75. Bulls now need a close above $568.25 to ease bearish
pressure and above the 55-DMA ($589.15) to hint at a move back to
$625.25-631.25.

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