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ICE GASOIL (M20) Bulls Still In Charge....>

OIL TECHS
OIL TECHS: ICE GASOIL (M20) Bulls Still In Charge
*RES 4: $353.76 - 76.4% retracement of the Apr 2 - 28 sell-off
*RES 3: $350.00 - Round number resistance
*RES 2: $336.00 - High Apr 3
*RES 1: $325.62 - 61.8% retracement of the Apr 2 - 28 sell-off
*PRICE: $314.25 @ 07:10 BST Jun 5
*SUP 1: $297.50 - Low Jun 2
*SUP 2: $272.50 - Low May 18 and key support
*SUP 3: $262.25 - Low May 15
*SUP 4: $237.50 - Low May 13 and key near-term support
Gasoil remains bullish. Futures cleared on Tuesday resistance at $310.25, May 26
high. This brings to an end the recent period of consolidation and importantly
confirms a resumption of the uptrend that has been in place since the Apr 28 low
of $206.50. Attention is on $325.62, a Fibonacci retracement level and $336.00,
Apr 3 high. On the downside, key support has been defined at $274.75, May 29
low. A break of this level is required to signal a reversal.
Energy BulletsCommodities
Energy BulletsCommodities

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