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ICE GASOIL (H19): Unable To Take Out......>

OIL TECHS
OIL TECHS: ICE GASOIL (H19): Unable To Take Out 200-DMA
*RES 4: $700.00 - Resistance 
*RES 3: $668.00 - Low Nov 5 
*RES 2: $631.73/633.25 - 200-dma/High Mar 1
*RES 1: $629.00 - High Mar 7 
*PRICE: $619.75 @ 05:42 GMT Mar 8 
*SUP 1: $610.69/$609.50 - 21-dma/Low Mar 1 
*SUP 2: $$604.25 - Feb 26 low 
*SUP 3: $590.75 - High Feb 4 
*SUP 4: $552.50 - Low Jan 28 
Gasoil futures continue to trade within a tight range with the 200-dma coming in
from above and the 21-dma approaching from below. Bulls look to recover
yesterday's high at $629.00 to allow a retest of the 200-dma and the March 1
high at $633.25 Above here would suggest a resumption of the broader bull market
towards the Nov 5 low at $668.00. To change the outlook bears target the 21-dma
at $610.69, below here would bring the Feb 26 low at $604.25 into view.  

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