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ICE GASOIL (J19): Trend Channel Intact....>

OIL TECHS
OIL TECHS: ICE GASOIL (J19): Trend Channel Intact
*RES 4: $673.75 - High Nov 8, 2018 
*RES 3: $649.49 - 61.8% Retracement (752.25 Oct high-483.25 Dec low) 
*RES 2: $625.81/629.50 - 200-dma/High Mar 1 
*RES 1: $620.25 - High Mar 21 
*PRICE: $614.50 @ 05:37 GMT Apr 4 
*SUP 1: $600.55/595.25 - 50-dma/Low Mar 22 
*SUP 2: $587.75/580.09- High Feb 4/100-dma 
*SUP 3: $567.25 - Low Feb 7 
*SUP 4: $553.25 - Low Jan 28 
Gasoil futures remain in their downward trend channel with bulls looking for a
break above the March 21 high at $620.25 to open the key 200-dma/March 1 high at
$625.81/629.50. Above here would confirm a continuation pattern opening the
61.8% retracement at $649.49. Bears need a break below the 50-dma and Mar 22 low
at $600.55/595.25 to suggest a bearish reversal, opening the Feb 4 high &
100-dma at $587.75/580.09.

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