ICE GASOIL (K20): Attention Is Back On....>

OIL TECHS: ICE GASOIL (K20): Attention Is Back On Key Support

*RES 4: $352.00 - High Mar 16

*RES 3: $337.25 - Low Mar 12 and 13

*RES 2: $327.25 - High Mar 20 and key resistance

*RES 1: $305.25 - High Apr 13

*PRICE: $278.50 @ 07:16 BST Apr 15

*SUP 1: $275.50 - Low Apr 14

*SUP 2: $273.50 - Low Apr 2

*SUP 3: $270.00 - Low Apr 1 and bear trigger

*SUP 4: $255.71 - 1.764 projection of Jan 8 - Feb 3 decline from Feb 20 high

Gasoil is choppy. A bearish threat is again beginning to dominate. The recent

spike higher to $387.75 on Apr 2 has failed to deliver any follow through and

this is starting to weigh on the contract. The focus shifts to the key support

and bear trigger at $270.00, Apr 1 low where a break would confirm a resumption

of this year's downtrend and open $255.71, a Fibonacci projection. Initial key

resistance is at $327.75.