ICE GASOIL (Q19): Focus is on the.......>

NATURAL GAS: ICE GASOIL (Q19): Focus is on the channel base

*RES 4: $616.25 - High Jul 11 and bull trigger

*RES 3: $608.50 - High Jul 12

*RES 2: $603.50 - High Jul 16

*RES 1: $587.33 - Former trendline support drawn off the low of Jun 18

*PRICE: $581.00 @ 06:30 BST Jul 18

*SUP 1: $578.00 - Low Jul 16

*SUP 2: $573.75 - Bull channel base drawn off the low of Jun 5

*SUP 3: $570.50 - Low Jul 3

*SUP 4: $568.36 - 61.8% retracement of the Jun 5-Jul 11 rally

Gasoil is bearish following the recent sell-off that has resulted in a break of

trendline support drawn off Jun 18 low. The sell-off follows a failure on Jul 11

to confirm a clear break of the 61.% retracement of the move between May 16-Jun

5. This is weighing on sentiment and attention turns to support at $574.92, the

base of a bull channel drawn of the Jun 5 low, and the low of Jul 3 at $570.50.

Initial resistance is $587.33, the former trendline support.