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ICE GASOIL (G20): Finds Support *RES 4:...>

OIL TECHS
OIL TECHS: ICE GASOIL (G20): Finds Support
*RES 4: $566.00 - High Jan 22
*RES 3: $552.75 - High Jan 23
*RES 2: $531.75 - High Jan 29 and key near-term resistance
*RES 1: $519.50 - High Jan 30
*PRICE: $511.25 @ 07:00 GMT Feb 6
*SUP 1: $480.00 - Low Feb 3 and key support
*SUP 2: $475.54 - 161.8% retracement projection of the Oct 3 - Jan 6 high
*SUP 3: $460.43 - 176.4% retracement projection of the Oct 3 - Jan 6 high
*SUP 4: $436.00 - 200.0% retracement projection of the Oct 3 - Jan 6 high
GASOIL extends this week's rebound off Tuesday's low as the recent sharp
sell-off corrects. Whether this move higher develops into a stronger correction
remains to be seen. Attention is the next resistance at $519.50, the Jan 30 high
where a break would signal scope for an extension towards resistance at $531.75,
Jan 29 high. On the downside, key support has been defined at this week's
$480.00 low. A break would resume the recent sell-off.

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