ICE GASOIL (N19): Remains in a............>

OIL TECHS: ICE GASOIL (N19): Remains in a corrective mode

*RES 4: $613.54 - 61.8% retracement of the May 16-Jun 5 low

*RES 3: $605.00 - High Jul 1 and key resistance

*RES 2: $595.00 - High Jul 2

*RES 1: $583.00 - High Jul 8

*PRICE: $574.50 @ 06:30 BST Jul 9

*SUP 1: $568.25 - High Jun 10 and key support

*SUP 2: $562.82 - 61.8% retracement of the Jun5-Jul1 rally

*SUP 3: $552.86 - 76.4% retracement of the Jun5-Jul1 rally

*SUP 4: $547.00 - Low Jun 18

Gasoil remains heavy following last weeks sell-off and the failure on Jul 1 to

close above the 50% retracement of May 16-Jun 5 decline at 598.88. Activity over

the past 4 sessions appears to be a bear flag formation reinforcing the existing

bearish threat. Key support for today lies at 568.25, the Jun 10 high. A break

would open 562.82, the 61.8% retracement of the rally from Jun 5-Jul 1 with the

76.4% level at 552.86. Resistance is at the high of Jul 2 high 595.00.