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ICE GASOIL: (K18) $601.25 Now Key.........>

OIL TECHS
OIL TECHS: ICE GASOIL: (K18) $601.25 Now Key Support
*RES 4: $661.00 - High Nov 28 2014 (Cont)
*RES 3: $630.50 - 2018 High Jan 25 (Cont)
*RES 2: $623.50 - Monthly High Jan 25
*RES 1: $619.50 - Monthly High Feb 2
*PRICE: $611.50 @ 0430GMT
*SUP 1: $601.25 - Alternating daily support/resistance 
*SUP 2: $591.25 - Hourly support Mar 20 
*SUP 3: $589.22 - 55-DMA 
*SUP 4: $582.00 - Hourly support Mar 19
*COMMENTARY: The aggressive break of the 55-DMA has been followed up with a
close above $601.25 that sees bullish focus confirmed on $619.50-630.50 where
monthly and 2018 highs are located. Bulls look for a close above $630.50 to
shift focus to $661.00-704.50 last seen in Nov 2014. Bears now need a close
below $601.25 to shift initial focus back to the 55-DMA and hint at a move back
to $558.75-563.75.

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