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

OIL TECHS
OIL TECHS: ICE GASOIL: (K18) $601.25 Remains Key Support
*RES 4: $630.50 - 2018 High Jan 25 (Cont)
*RES 3: $623.50 - Monthly High Jan 25
*RES 2: $619.50 - Monthly High Feb 2
*RES 1: $614.75 - High Mar 20
*PRICE: $608.00 @ 0430GMT
*SUP 1: $601.25 - Alternating daily support/resistance 
*SUP 2: $591.25 - Hourly support Mar 20 
*SUP 3: $589.36 - 55-DMA 
*SUP 4: $582.00 - Hourly support Mar 19
*COMMENTARY: The aggressive break of the 55-DMA has been followed up with closes
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 still 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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