ICE GASOIL (N20) Focus Is On Trendline....>

OIL TECHS: ICE GASOIL (N20) Focus Is On Trendline Support

*RES 4: $409.50 - High Apr 2 and key resistance

*RES 3: $400.00 - Psychological round number

*RES 2: $370.50 - High Jun 23

*RES 1: $361.50 - High Jun 24

*PRICE: $341.50 @ 07:10 BST Jun 25

*SUP 1: $333.25 - Low Jun 16

*SUP 2: $325.32 - Trendline support drawn off the Apr 28 low

*SUP 3: $312.25 - Low Jun 12 and the bear trigger

*SUP 4: $301.50 - Low Jun 1

Gasoil futures stalled at Tuesday's high of $370.50. The sharp pullback marks a

failure to extend gains following the recent break of former key resistance at

$354.75, Jun 8 high. The outlook is bearish and attention turns to the key

trendline support drawn off Apr 28 low. The line intersects at $325.32. A break

would highlight a reversal. On the upside, clearance of $370.50 is required to

ease the developing bearish threat.