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ICE GASOIL: (Z18) $600 Level Under........>

OIL TECHS
OIL TECHS: ICE GASOIL: (Z18) $600 Level Under Pressure
*RES 4: $800.00 - Resistance 
*RES 3: $751.00 - High Oct 3 
*RES 2: $688.67 - 55-dma 
*RES 1: $649.63 - 200-dma 
*PRICE: $601.25 @ 05:44 GMT 
*SUP 1: $600.00 - Support 
*SUP 2: $551.75 - Low Mar 2 
*SUP 3: $538.00 - Feb 14 
*SUP 4: $460.00 - Up trendline support from 2016 lows 
Dec-18 Gasoil futures sit just above the $600 level which looks increasingly
likely to give way in the near term. This level acted as tough resistance
earlier this year and a break back below it would give further weight to the
bear case, opening ytd lows at $538. On the upside, bulls still need a break
above the 200-dma at $649.63 to improve the outlook, opening the 55-dma at
$688.67.

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