ICE GASOIL (N19): Focus is on the 61.8%...>

OIL TECHS: ICE GASOIL (N19): Focus is on the 61.8% retracement level

*RES 4: $631.68 - 76.4% retracement of the May 16-Jun 5 low

*RES 3: $625.25 - High May 28

*RES 2: $613.54 - 61.8% retracement of the May 16-Jun 5 low

*RES 1: $603.25 - High Jun 26

*PRICE: $598.50 @ 06:41 BST Jun 27

*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

The bullish outlook remains intact with fresh highs yday. The rally since

clearing former resistance at the Jun 10 high of 568.25 appears to have further

to go. Momentum studies are supportive of the current outlook with the 14-period

RSI pointing north. Yday the 50% retracement of the May 16-Jun 5 decline at

598.88 was achieved. The focus now turns to the 61.8% level at 613.54. Initial

key support is at the former breakout level 568.25 with 576.75 ahead of here.