ICE GASOIL (G20): Likely To Remain........>

OIL TECHS: ICE GASOIL (G20): Likely To Remain Heavy Near-Term

*RES 4: $643.00 - High Jan 6 and primary resistance

*RES 3: $640.00 - High Dec 8

*RES 2: $612.00 - Low Dec 31

*RES 1: $603.00 - High Jan 9

*PRICE: $590.25 @ 07:14 GMT Jan 13

*SUP 1: $587.50 - Intraday low

*SUP 2: $582.75 - Low Dec 12

*SUP 3: $579.04 - 61.8% retracement of the Oct 3 - Jan 6 rally

*SUP 4: $569.75 - Low Dec 4

GASOIL is likely to remain softer following last week's volatile session and the

sharp sell-off from Wednesday $640.00 high. Price also traded below support at

$612.00, Dec 31 low and this effectively suggests a top has been put in place

for now with the technical outlook signalling scope for a deeper pullback

near-term. Potential is seen for weakness towards $579.04 a retracement level.

Initial resistance is at $603.00, the Jan 9 high.