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

OIL TECHS: ICE GASOIL (K20): Broader Bearish Theme Still 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: $237.25 - High Apr 23

*PRICE: $216.25 @ 07:47 BST Apr 24

*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 $237.25, Apr 23 high. Futures are trading

lower this morning and while $237.25 remains intact, a bearish tone dominates

overall following Tuesday's sharp losses. A break below yesterday's $211.75

intraday low would trigger a fresh round of weakness and open this week's low of

$188.25. On the upside, clearance of $237.25 would instead open $256.25, Apr 20

low.