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ICE GASOIL: (J18) Layers of Resistance....>

OIL TECHS: ICE GASOIL: (J18) Layers of Resistance $589.00-604.25 Key
*RES 4: $602.25 - Monthly High Feb 26
*RES 3: $593.84 - Daily Bear channel top
*RES 2: $591.55 - 55-DMA
*RES 1: $589.00 - Hourly support Feb 28 now resistance
*PRICE: $574.75 @ 0430GMT
*SUP 1: $573.00 - Hourly support Mar 5 
*SUP 2: $558.50 - Low Mar 2 
*SUP 3: $554.25 - Low Feb 15 
*SUP 4: $542.00 - 2018 Low Feb 14
*COMMENTARY: Downside follow through has been lacking the past few days with the
recovery seeing focus back on layers of resistance $589.00-604.25 where the
55-DMA, Bollinger band top and channel top are located. Bulls need a close above
$604.25 to confirm focus on 2018 highs. Bears continue to look for a close below
$554.25 to confirm focus on $522.96-542.00 where the 200-DMA is noted.

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