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ICE GASOIL (M19): Rally Hits A Wall At....>

OIL TECHS
OIL TECHS: ICE GASOIL (M19): Rally Hits A Wall At 55-DMA 
*RES 4: $672.75 - High Nov 8, 2018 
*RES 3: $666.75 - High May 16 
*RES 2: $634.74 - 21-dma 
*RES 1: $627.88 - 55-dma 
*PRICE: $616.50 @ 02:01 GMT May 29 
*SUP 1: $601.50 - Low May 24 
*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 recovered the 200-dma on an intraday basis before hitting
resistance at the 55-dma at $627.88 and giving back gains. The near term focus
now returns to the May 24 low at $601.50. Below here opens the March 28 low just
below at $598.50. Bulls need to close back above the 55-dma to reignite upside
momentum towards the 21-dma at $634.74 ahead of the May 16 high at $666.75. 

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