ICE GASOIL (N19): Price level extends.....>

OIL TECHS: ICE GASOIL (N19): Price level extends higher

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

*PRICE: $597.25 @ 06:53 BST Jun 26

*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 uptrend remains intact with fresh highs printed. Bullish conditions were

confirmed last week following the strong rally through former resistance at

568.25, the Jun 10 high. Momentum studies are supportive of the current outlook

with the 14-period RSI pointing north. The focus is on the 50% retracement of

the May 16-Jun 5 decline at $598.88 with the 61.8% level further out at $613.54.

Initial key support is at $568.25, the former breakout level.