ICE GASOIL (K19): 200-DMA Support Back....>

OIL TECHS: ICE GASOIL (K19): 200-DMA Support Back In Focus

*RES 4: $678.00 - Low Oct 25, 2018 

*RES 3: $672.75 - High Nov 8, 2018 

*RES 2: $651.50 - Low Nov 6 

*RES 1: $643.90 - 61.8% Retracement (752.25 Oct high-483.25 Dec low) 

*PRICE: $631.00 @ 05:43 GMT Apr 15 

*SUP 1: $624.65 - 200-dma 

*SUP 1: $610.25/605.51 - Low April 4/55-dma 

*SUP 2: $596.25/593.25 - Low Mar 28/Low Mar 8 

*SUP 3: $587.25/581.29- High Feb 4/100-dma 

Gasoil futures have edged back from Friday's high which failed to extend the

bullish trend, shifting the focus back to the 200-dma support level at $624.65.

A close below here would open the April 4 low/55-dma at $610.25/605.58, below

which would suggest a downside reversal. Bulls look to take out last week's high

to return the focus to the 61.8% retracement at $643.90. A break above here

would open the Nov 6 low just above it at $651.50 ahead of the Nov 8 high.