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ICE GASOIL: (K18) 55-DMA & $601.25........>

OIL TECHS
OIL TECHS: ICE GASOIL: (K18) 55-DMA & $601.25 Levels Key Today
*RES 4: $623.50 - Monthly High Jan 25
*RES 3: $619.50 - Monthly High Feb 2
*RES 2: $601.25 - Low Jan 19 now resistance
*RES 1: $599.68 - Bollinger band top
*PRICE: $595.75 @ 0430GMT
*SUP 1: $591.25 - Hourly support Mar 20 
*SUP 2: $588.70 - 55-DMA 
*SUP 3: $582.00 - Hourly support Mar 19 
*SUP 4: $579.12 - 21-DMA
*COMMENTARY: The aggressive break of the 55-DMA adds to bullish confidence but a
close above $601.25 remains needed to confirm focus on $619.50-630.50 where 2018
& monthly highs are located. The 55-DMA is key support today. Bears now need a
close below the 55-DMA to ease pressure on $601.25 and below the 21-DMA to shift
initial focus back to $558.75-563.75. The Bollinger band top currently limits
follow through.

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