ICE GASOIL (Q19): Heavy following.........>

OIL TECHS: ICE GASOIL (Q19): Heavy following trendline break

*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: $585.60 - Former trendline support drawn off the low of Jun 18

*PRICE: $581.50 @ 06:26 BST Jul 17

*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 sold off sharply yesterday resulting in a break of trendline support at

583.87. The trendline is drawn off Jun 18 low. Note too that a 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 573.75, the base of a bull channel drawn of the Jun 5 low and 570.50,

the low of Jul 3. Initial resistance is at 585.60, the former trendline support.