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ICE GASOIL: (F18) $562.25-$559.25 The.....>

OIL TECHS
OIL TECHS: ICE GASOIL: (F18) $562.25-$559.25 The Near Term Support
*RES 4: $571.50 Dec 1 high
*RES 3: $569.25 Dec 8 high
*RES 2: $568.25 Hourly high Dec 8
*RES 1: $565.00 Hourly resistance
*PRICE: $564.00 @0450GMT                                   
*SUP 1: $562.25 Hourly support
*SUP 2: $559.25 Dec 6 high, now support
*SUP 3: $555.75 Dec 7 high, now support
*SUP 4: $551.50 Dec 5 low
*COMMENTARY: The rally on Friday was halted at $569.25, having broken clear of
the 76.4% Fibo retrace level at $565.00 but unable as yet to reach the month's
earlier $571.50 peak. The subsequent pullback, has initial support from $562.25.
This and the Dec 6 high at $559.25 are the current protection against a deeper
correction of the gains from last week's $544.00 low. Resistance now
$565.00-$568.24, with $595.00 the attraction above $571.50.

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