ICE GASOIL (F20): Bullish Focus *RES 4:...>

OIL TECHS: ICE GASOIL (F20): Bullish Focus

*RES 4: $666.31 - 2.236 projection of Oct 3 - Oct 28 rally from Nov 20 low

*RES 3: $654.75 - 2.00 projection of Oct 3 - Oct 28 rally from Nov 20 low

*RES 2: $649.50 - Sep 16 high and major resistance

*RES 1: $643.00 - Intraday high

*PRICE: $637.75 @ 07:43 GMT Jan 6

*SUP 1: $633.50 - Intraday low

*SUP 2: $612.50 - Low Dec 31

*SUP 3: $609.00 - Low Dec 23 and key near-term resistance

*SUP 4: $596.25 - High Dec 6

GASOIL remains firmer following Friday's gains and today's stronger start to the

week. Last week, futures traded above $631.75, Dec 30 high. This confirms a

resumption of the uptrend that has been in place since early Oct. Price action

in December also reinforced the bullish theme. The early December break of key

resistance at $595.50, the Nov 27 high confirmed a range breakout. The focus is

on $649.50 next, Sep 16 high. Key support is at $612.50.