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ICE GASOIL: (J18) Bears Need Close........>

OIL TECHS
OIL TECHS: ICE GASOIL: (J18) Bears Need Close Below 100-DMA
*RES 4: $600.00 - High Feb 6
*RES 3: $588.30 - 55-DMA
*RES 2: $586.89 - 21-DMA
*RES 1: $580.50 - High Feb 19
*PRICE: $577.25 @ 0430GMT
*SUP 1: $572.50 - Low Feb 21 
*SUP 2: $567.01 - 100-DMA 
*SUP 3: $554.25 - Low Feb 15 
*SUP 4: $542.00 - 2018 Low Feb 14
*COMMENTARY: Bulls take comfort in the 100-DMA now supporting with focus now on
layers of resistance $586.89-604.25 where 21 & 55-DMAs are located. Bulls need a
close above $604.25 to confirm focus on $628.25-643.80. In saying that,
hesitation ahead of 21 & 55-DMAs is a concern. Bears look for a close below the
100-DMA to gain breathing room and below $554.25 to reconfirm focus on
$528.25-542.00.

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