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ICE GASOIL (J19): March 8 Lows In Focus...>

OIL TECHS
OIL TECHS: ICE GASOIL (J19): March 8 Lows In Focus
*RES 4: $653.25 - Low Nov 5 
*RES 3: $628.84/629.31 - 200-dma/March 1
*RES 2: $623.25 - High Mar 7 
*RES 1: $615.50 - High Mar 15 
*PRICE: $606.25 @ 05:39 GMT Mar 18
*SUP 1: $602.00 - Low Mar 15 
*SUP 2: $596.00 - Low Mar 8
*SUP 3: $587.75/56 - High Feb 4/100-dma
*SUP 4: $553.25 - Low Jan 28 
Gasoil futures saw some downside momentum on Friday which shifts the near term
focus to the $602.00 level and the March 8 low at $596.00. A break below here
would shift the outlook negative and suggest a move to the Feb 4 high and the
100-dma. Bulls need to recover Friday's high at $615.50 to open a run at the
200-dma and March 1 high at $628.84/629.31. Above here would suggest a
resumption of the broader bullish trend. 

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