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.