ICE GASOIL (F20): Bullish Outlook.........>

OIL TECHS: ICE GASOIL (F20): Bullish Outlook Intact

*RES 4: $649.50 - Sep 16 high and major resistance

*RES 3: $636.03 - 1.618 projection of Oct 3 - Oct 28 rally from Nov 20 low

*RES 2: $630.25 - 1.50 projection of Oct 3 - Oct 28 rally from Nov 20 low

*RES 1: $627.75 - High Dec 27

*PRICE: $623.50 @ 07:21 GMT Dec 27

*SUP 1: $618.00 - High Dec 20

*SUP 2: $609.00 - Low Dec 23 and key near-term resistance

*SUP 3: $596.25 - High Dec 6

*SUP 4: $591.25 - Low Dec 13

GASOIL remains bullish. The early December break of key resistance at $595.50,

the Nov 27 high confirmed a range breakout and in turn an extension of the

recovery that started off the October 3 low of $543.25. Futures have also

cleared $624.42, 76.4% retracement of the Sep 16 to Oct 3 decline. This has

opened $630.25 and $636.03, both Fibonacci projection levels. Firm support lies

at $609.00, Dec 23 low.