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ICE GASOIL (M19): Holding Above $600......>

OIL TECHS
OIL TECHS: ICE GASOIL (M19): Holding Above $600 For Now
*RES 4: $672.75 - High Nov 8, 2018 
*RES 3: $666.75 - High May 16 
*RES 2: $632.90 - 21-dma 
*RES 1: $627.68 - 55-dma 
*PRICE: $610.00 @ 02:55 GMT May 30 
*SUP 1: $601.25 - Low May 29 
*SUP 2: $598.50 - Low March 28 
*SUP 3: $592.00 - Low March 8 
*SUP 4: $577.50 - 50% retracement of Dec-May gains 
Gasoil futures managed to hold above the $600 level yesterday despite dipping
marginally below Friday's low. Bears look for a break below yesterday's low at
$601.25 and $600 to open the March 28 low just below at $598.50. Bulls need to
close back above the 55-dma at $627.68 to reignite upside momentum towards the
21-dma at $632.90 ahead of the May 16 high at $666.75.

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