ICE GASOIL (F20): Bulls In Charge *RES....>

OIL TECHS: ICE GASOIL (F20): Bulls In Charge

*RES 4: $624.42 - 76.4% retracement of Sep 16 - Oct 3 decline

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

*RES 2: $608.91 - 61.8% retracement of Sep 16 - Oct 3 decline

*RES 1: $608.00 - High Dec 16

*PRICE: $606.00 @ 06:46 GMT Dec 17

*SUP 1: $591.25 - Low Dec 13

*SUP 2: $577.75 - Low Dec 11 and a key support

*SUP 3: $565.00 - Low Dec 3

*SUP 4: $556.75 - Low Nov 20

GASOIL maintains a bullish tone extending the upside yesterday. The recent break

of key resistance at the Nov 27 high of $595.50 confirmed a range breakout and

sets the scene for an extension of the recovery that started off the October 3

low of $543.25. The break higher has also resulted in a breach of $596.38, the

50% retracement of the Sep 16 to Oct 3 decline. This has opened $608.91, the

61.8% retracement. Initial support lies at $591.25, Dec 13 low.