ICE GASOIL (Q19): Bullish outlook.........>

OIL TECHS: ICE GASOIL (Q19): Bullish outlook intact

*RES 4: $630.43 - 76.4% retracement of the May 16-Jun 5 low

*RES 3: $625.00 - High May 28

*RES 2: $620.42 - Bull channel top drawn off the low of Jun 5

*RES 1: $616.25 - High Jul 11

*PRICE: $601.75 @ 06:28 BST Jul 15

*SUP 1: $600.25 - Intraday low

*SUP 2: $585.00 - Low Jul 10

*SUP 3: $582.13 - Trendline support drawn off the low of Jun 18

*SUP 4: $576.50 - Low Jul 9

Gasoil uptrend remains intact. The resumption of the trend was confirmed

following the break last week of the $607.75, Jul 1 high. This also resulted in

a breach of the 61.8% retracement of the May 16-Jun 5 decline at $612.91. With

momentum studies back in a bullish position, attention now turns to $625.00 and

$630.43. The latter is the 76.4% retracement level. On the downside, support has

been defined at $585.00. Look for the upside to extend.