ICE GASOIL (N20) Trendline Support........>

OIL TECHS: ICE GASOIL (N20) Trendline Support Remains Intact

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

*RES 3: $400.00 - Psychological round number

*RES 2: $366.43 - 76.4% retracement of the Apr 2 - 28 sell-off

*RES 1: $354.75 - High Jun 8 and the bull trigger

*PRICE: $350.75 @ 07:06 BST Jun 18

*SUP 1: $333.25 - Low Jun 16

*SUP 2: $312.25/313.61 -Trendline support drawn off the Apr 28

*SUP 3: $301.50 - Low Jun 1

*SUP 4: $286.50 - Low May 29 and key support

Gasoil has recovered this week. Attention this week has been on support at the

trendline drawn off the Apr 28 low. The line intersects at $313.61 today. A

break of this line would threaten the recent bull run and also signal a possible

reversal exposing $286.50, May 29 low. While it holds, the uptrend remains

intact. The key resistance and bull trigger is at $354.75, Jun 8 high. A break

would resume the uptrend and open 366.43, a Fibonacci retracement.