ICE GASOIL (F20): Bulls Hold On *RES 4:...>

OIL TECHS: ICE GASOIL (F20): Bulls Hold On

*RES 4: $630.25 - 1.50 projection of Oct 3 - Oct 28 rally from Nov 20 low

*RES 3: $624.42 - 76.4% retracement of Sep 16 - Oct 3 decline

*RES 2: $617.31 - 1.236 projection of Oct 3 - Oct 28 rally from Nov 20 low

*RES 1: $615.00 - High Dec 17

*PRICE: $610.75 @ 06:59 GMT Dec 19

*SUP 1: $596.25 - High Dec 6

*SUP 2: $591.25 - Low Dec 13

*SUP 3: $577.75 - Low Dec 11 and a key support

*SUP 4: $565.00 - Low Dec 3

GASOIL maintains a bullish tone and is holding onto most of its recent gains.

The recent break of key resistance at the Nov 27 high of $595.50 confirmed a

range breakout and sets the scene for a continued extension of the recovery that

started off the October 3 low of $543.25. Futures have cleared $596.38 and

$608.91, the 50% and 61.8% retracements of the Sep 16 to Oct 3 decline. This has

opened the $624.42, 76.4% retracement. Support lies at $596.25, Dec 6 high.