ICE GASOIL (Q20) Clears Key Resistance....>

OIL TECHS: ICE GASOIL (Q20) Clears Key Resistance

*RES 4: $418.25 - High Apr 2

*RES 3: $401.00 - High Mar 11

*RES 2: $400.00 - Psychological round number

*RES 1: $388.50 - High Jul 21

*PRICE: $383.00 @ 07:03 BST Jul 22

*SUP 1: $361.50 - Low Jul 20

*SUP 2: $358.75 - Low Jul 10 and key support

*SUP 3: $351.77 - 50-day EMA

*SUP 4: $340.25 - Low Jun 29

Gasoil futures traded higher yesterday breaching the former key resistance at

$375.75, Jul 6 high. The move through this hurdle confirms a resumption of the

uptrend that has been in place since the reversal on Apr 28. This sets the scene

for an extension higher towards the $400.00 psychological level next. On the

downside, initial firm support has been defined at $361.50, Jul 20 low. Bullish!