ICE GASOIL (M20): Bullish Outlook.........>

OIL TECHS: ICE GASOIL (M20): Bullish Outlook Intact

*RES 4: $353.76 - 76.4% retracement of the Apr 2 - 28 sell-off

*RES 3: $336.00 - High Apr 3

*RES 2: $334.25 - High Apr 9

*RES 1: $310.25 - High May 26

*PRICE: $298.00 @ 07:23 BST Jun 1

*SUP 1: $272.50 - Low May 18

*SUP 2: $262.25 - Low May 15

*SUP 3: $237.50 - Low May 13 and key near-term support

*SUP 4: $230.75 - Low May 4

Gasoil continues to consolidate but remains bullish having managed a fresh high

print last week of $310.25. The recovery off $206.50, Apr 28 low resulted in a

break of $257.75, Apr 23 high. Furthermore, futures cleared the 20-day EMA and a

former resistance at $276.50, May 6 high reinforcing the bullish cycle. Price is

also testing the 50-day EMA currently at $299.61 where a clear break would open

334.25, Apr 9 high. Support is at 272.50, May 18 low.