ICE GASOIL (K20): Broader Bearish Theme...>

OIL TECHS: ICE GASOIL (K20): Broader Bearish Theme Intact

*RES 4: $283.00 - High Apr 17 and intraday key resistance

*RES 3: $264.75 - High Apr 21

*RES 2: $$256.25 - Low Apr 20

*RES 1: $231.50 - High Apr 22

*PRICE: $220.25 @ 09:00 BST Apr 23

*SUP 1: $211.75 - Intraday low

*SUP 2: $200.00 - Psychological round number

*SUP 3: $188.25 - Low Apr 22 and the bear trigger

*SUP 4: $184.79 - 2.236 projection of Jan 8 - Feb 3 decline from Feb 20 high

Gasoil resistance has been defined at 231.50, Apr 22 high. Futures traded close

to this level earlier today but have since pulled back. While this resistance

remains intact, a bearish tone dominates following Tuesday's sharp losses. A

break below today's intraday low of $211.75 would trigger a fresh round of

weakness and open this week's low of $188.25. On the upside, clearance of

$231.50 would instead open $256.25, Apr 20 low.