ICE GASOIL (Q19): Remains vulnerable......>

OIL TECHS: ICE GASOIL (Q19): Remains vulnerable

*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: $597.00 - High Jul 24

*PRICE: $586.00 @ 05:49 BST Jul 25

*SUP 1: $578.75 - Low Jul 23

*SUP 2: $567.00 - Low Jul 18

*SUP 3: $557.04 - 76.4% retracement of the Jun 5-Jul 11 rally

*SUP 4: $549.25 - Low Jun 18

Gasoil is expected to maintain a bearish tone and yesterday's sell-off suggests

the recent correction higher has run its course. Last weeks decline resulted in

a break of a trendline drawn off the Jun 18 low. A bull channel base, drawn of

the Jun 5 low was also probed. The focus remains on the support and bear trigger

at $567.00, the low of Jul 18. A move below here would open $557.04, 76.4% of

the rally between Jun 5-Jul 11. Initial resistance is $597.00.