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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: $624.00 - High Mar 27
*RES 2: $621.79 - Bollinger band top
*RES 1: $619.75 - Hourly resistance Mar 27
*PRICE: $613.75 @ 0430GMT
*SUP 1: $609.00 - Hourly support Mar 23 
*SUP 2: $601.25 - Alternating daily support/resistance 
*SUP 3: $591.25 - Hourly support Mar 20 
*SUP 4: $590.02 - 55-DMA
*COMMENTARY: The lack of topside follow through Tuesday is a concern for bulls
when combined with daily studies looking to correct from O/B and the Bollinger
top limiting follow through. Bears now look for a close below $609.00 to gain
breathing room and below $601.25 to shift initial focus back to the 55-DMA and
hint at a move back to $558.75-563.75. Bulls now look for a close above $624.00
to reconfirm bullish momentum.

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