ICE GASOIL (F20): Range Breakout *RES.....>

OIL TECHS: ICE GASOIL (F20): Range Breakout

*RES 4: $617.31 - 1.236 projection of Oct 3 - Oct 28 rally from Nov 20 low

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

*RES 2: $605.00 - High Sep 19

*RES 1: $604.00 - High Dec 13

*PRICE: $599.50 @ 07:19 GMT Dec 16

*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 has traded above key resistance at Nov 27 high of $595.50. This has

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.