ICE GASOIL (K19): Consolidating Gains.....>

OIL TECHS: ICE GASOIL (K19): Consolidating Gains

*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: $631.75 @ 05:47 GMT Apr 12 

*SUP 1: $624.80 - 200-dma 

*SUP 1: $610.25/607.32 - Low April 4/50-dma 

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

*SUP 3: $587.25/580.86- High Feb 4/100-dma 

Gasoil futures are consolidating gains following the recent bullish break, with

the upside target coming in at 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.

Bears need a break below the 200-dma at $624.80 to stabilise the outlook while a

break below the April 4 low/50-dma at $610.25/607.32 would shift the outlook

negative.