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

OIL TECHS: ICE GASOIL: (K18) $601.25 Remains Key Support

*RES 4: $629.54 - Bollinger band top

*RES 3: $624.00 - High Mar 27

*RES 2: $618.25 - Hourly support Apr 2 now resistance

*RES 1: $611.50 - Hourly resistance Apr 2

*PRICE: $607.50 @ 0430GMT

*SUP 1: $601.25 - Alternating daily support/resistance 

*SUP 2: $591.71 - 21-DMA 

*SUP 3: $591.25 - Hourly support Mar 20 

*SUP 4: $590.29 - 55-DMA

*COMMENTARY: The lack of topside follow through has resulted in a sell-off and

when combined with correcting O/B studies leaves the contract looking offered.

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 with below the 100-DMA ($581.56) to

confirm. Bulls need a close above $611.50 to gain breathing room and above

$618.25 to focus on $624.00-630.00.