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ICE GASOIL (H19): Bullish Momentum........>

OIL TECHS
OIL TECHS: ICE GASOIL (H19): Bullish Momentum Fades
*RES 4: $700.00 - Resistance 
*RES 3: $643.43 - 200-dma (continuation chart) 
*RES 2: $600.00 - High Dec 4 (continuation chart) 
*RES 1: $590.75 - High Feb 4 
*PRICE: $575.00 @ 05:57 GMT Feb 8
*SUP 1: $575.00 - 21-dma (continuation chart) 
*SUP 2: $552.50 - Jan 28 Low  
*SUP 3: $483.25 - Dec 26 low (continuation chart) 
*SUP 4: $402.50 - Low July 21 2016 (continuation chart) 
Gasoil futures have edged back down to the lower end of their recent range as
the 21dma comes into play as support. Below here would put the bears in charge
and allow a run at the Jan 28 low at $552.50. Bulls need to recover the Feb 4
high to bring the 100-dma at $622.98 into view, a break reignites upside
momentum, targeting the 200-dma at $643.43.

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