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OIL TECHS: ICE GASOIL (M20) Uptrend Remains Intact
*RES 4: $393.25 - High Mar 11
*RES 3: $376.50 - High Mar 12
*RES 2:$353.76 - 76.4% retracement of the Apr 2 - 28 sell-off
*RES 1: $345.75 - High Jun 8
*PRICE: $333.00 @ 07:11 BST Jun 10
*SUP 1: $321.75 - High Jun 3
*SUP 2: $301.75 - Low Jun 4
*SUP 3: $297.50 - Low Jun 2
*SUP 4: $293.86 - Trendline support drawn off the Apr 28 low
Gasoil is unchanged and remains bullish. Futures last week cleared resistance at
$310.25, May 26 high. This brought to an end the recent period of consolidation
and importantly confirmed a resumption of the uptrend that has been in place
since the Apr 28 low of $206.50. Attention is on $353.76 next, a Fibonacci
retracement level and if cleared, would open the psychological $400.00 level
further out. Key near-term support is seen at $301.75, Jun 4 low.

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