ICE GASOIL (H19): Feb 22 Highs Under......>

OIL TECHS: ICE GASOIL (H19): Feb 22 Highs Under Pressure

*RES 4: $700.00 - Resistance 

*RES 3: $668.00 - Low Nov 5 (continuation chart) 

*RES 2: $638.65 - 200-dma (continuation chart) 

*RES 1: $626.25 - High Feb 22 

*PRICE: $621.00 @ 05:40 GMT Feb 28 

*SUP 1: $599.50/$604.25 - 21-dma/Dec 26 low

*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 rallied just shy of Friday's high at $626.25 yesterday with a

break above here needed to open the 200-dma at $638.65. Above here would suggest

a resumption of the broader bull market. To change the outlook bears target the

21-dma which comes in at $599.50. The Jan 28 low at $552.50 comes in below here,

and a bearish break would return to the focus to the Dec 26 lows.