ICE GASOIL (U19): $582.00 is key..........>

OIL TECHS: ICE GASOIL (U19): $582.00 is key resistance

*RES 4: $593.61 - Trendline resistance drawn off the Jul 11 high

*RES 3: $586.50 - High Aug 2

*RES 2: $580.27/582.00 - 50-day-EMA / High Aug 13

*RES 1: $570.25 - Intraday high

*PRICE: $568.25 @ 05:57 BST Aug 22

*SUP 1: $553.25 - Low Aug 13

*SUP 2: $539.00 - Low Aug 8

*SUP 3: $534.00 - Low Aug 7 and bear trigger

*SUP 4: $517.00 - Low Jan 4 (continuation)

GASOIL key resistance remains $582.00, the Aug 13 high. Although the recent

downtrend that began on Jul 11 has been neutralised following the rally off the

Aug 7 low, clearance of $582.00 is still required to confirm a stronger bullish

theme. This would open trendline resistance at $593.61, drawn off the Jul 11

high. On the downside, a move below the Aug 13 low of $553.25 would instead

expose key support at $534.00 once again. A break here resumes the downtrend.