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ICE GASOIL: (J18) Gaining Traction........>

OIL TECHS
OIL TECHS: ICE GASOIL: (J18) Gaining Traction Above 55-DMA
*RES 4: $628.25 - High Jan 25
*RES 3: $627.88 - Bollinger band top
*RES 2: $604.25 - Low Jan 19 now resistance
*RES 1: $600.00 - High Feb 6
*PRICE: $597.25 @ 0430GMT
*SUP 1: $590.15 - 55-DMA 
*SUP 2: $588.25 - High Feb 22 now support 
*SUP 3: $582.00 - Low Feb 23 
*SUP 4: $572.50 - Low Feb 21
*COMMENTARY: Bulls take comfort in the 100-DMA now supporting and J18 gaining
traction above the 55-DMA. Bulls now look for a close above $600.00-604.25 to
confirm focus on $628.25-630.50. Accumulating support layers add to bullish
confidence. Bears now need a close below $588.25 to gain breathing room and
below $582 to shift initial focus back to the 100-DMA with below the 100-DMA
needed to shift focus back to $542.00-554.25.

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