ICE GASOIL (J19): Bulls Look To $616......>

OIL TECHS: ICE GASOIL (J19): Bulls Look To $616 For A Higher High

*RES 4: $653.25 - Low Nov 5 

*RES 3: $628.34/629.31 - 200-dma/March 1 

*RES 2: $623.25 - High Mar 7 

*RES 1: $616.00 - High Mar 14,19

*PRICE: $611.00 @ 05:11 GMT Mar 20 

*SUP 1: $601.25 - Low Mar 18 

*SUP 2: $596.00 - Low Mar 8 

*SUP 3: $587.75/585.89 - High Feb 4/100-dma 

*SUP 4: $553.25 - Low Jan 28 

Gasoil futures recovered some weakness yesterday to trade back in the middle of

its three week range. Bulls now need to overcome yesterday's high at $616.00 to

establish a higher high and shift the focus back to the March 7 high at $623.25

ahead of the 200-dma and March 1 high at $628.34/629.31. Above here would

suggest a resumption of the broader bullish trend. Bears look for a close below

Monday's low at $601.25 to challenge the March 8 low at $596.00.