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ICE GASOIL: (J18) Below 100-DMA Targets...>

OIL TECHS: ICE GASOIL: (J18) Below 100-DMA Targets $542.00-554.25
*RES 4: $591.08 - 55-DMA
*RES 3: $589.00 - Hourly support Feb 28 now resistance
*RES 2: $577.43 - 21-DMA
*RES 1: $572.25 - Low Feb 28 now resistance
*PRICE: $567.00 @ 0430GMT
*SUP 1: $554.25 - Low Feb 15 
*SUP 2: $542.00 - 2018 Low Feb 14 
*SUP 3: $535.00 - Monthly Low Nov 2 
*SUP 4: $527.25 - Low Oct 27
*COMMENTARY: Hesitation ahead of the key $604.25 resistance took its toll with
correcting O/B studies resulting in a close below the 100-DMA ($571.57) and
initial focus now on $542.00-554.25. Resistance layers are accumulating and
adding weight to the bearish case. Bulls still need a close above the 21-DMA to
gain breathing room and above the 55-DMA to shift initial focus back to the key
$604.25 resistance.

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