ICE GASOIL (N19): Bulls maintain..........>

OIL TECHS: ICE GASOIL (N19): Bulls maintain control

*RES 4: $625.25 - High May 28

*RES 3: $613.54 - 61.8% retracement of the May 16-Jun 5 low

*RES 2: $598.88 - 50% retracement of the May 16-Jun 5 low

*RES 1: $594.21 - 50-day EMA

*PRICE: $582.25 @ 08:17 BST Jun 25

*SUP 1: $576.75 - Low Jun 21

*SUP 2: $568.25 - High Jun 10 and key support

*SUP 3: $557.00 - Low Jun 19

*SUP 4: $544.75 - Low Jun 12

Gasoil bullish conditions were confirmed last week following the strong rally

through former resistance at 568.25, the Jun 10 high. The bullish tone remains

in place. Momentum studies are supportive of the current outlook as the

14-period RSI looks north. This follows the unwinding of oversold conditions

from early Jun. The focus is on the 50-day EMA at 594.21 and the 50% retracement

of the May 16-Jun 5 decline at 598.88. Initial key support is 568.25.