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

OIL TECHS: ICE GASOIL (Q19): Bullish price sequence intact

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

*RES 3: $625.00 - High May 28

*RES 2: $619.25 - Bull channel top drawn off the low of Jun 5

*RES 1: $616.25 - High Jul 11

*PRICE: $607.25 @ 06:49 BST Jul 12

*SUP 1: $604.00 - Low Jul 11

*SUP 2: $585.00 - Low Jul 10

*SUP 3: $580.40 - Trendline support drawn off the low of Jun 18

*SUP 4: $576.50 - Low Jul 9

Gasoil remains firm, having resumed its uptrend following the break this week of

the high of Jul 1 at $607.75. Yesterday saw the 61.8% retracement of the May

16-Jun 5 decline at $612.91 breached. With momentum studies back in a bullish

position too, 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

Wednesday's low of $585.00. Look for the upside to extend.