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ICE GASOIL (U19): $582.00 still the key...>

OIL TECHS
OIL TECHS: ICE GASOIL (U19): $582.00 still the key resistance
*RES 4: $592.791 - Trendline resistance drawn off the Jul 11 high
*RES 3: $586.50 - High Aug 2
*RES 2: $579.36/582.00 - 50-day-EMA / High Aug 13 and key resistance
*RES 1: $576.50 - High Aug 21
*PRICE: $564.25 @ 06:28 BST Aug 23
*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 lacks a clear direction for now with a more neutral tone dominating. Key
resistance remains $582.00, the Aug 13 high. Clearance of this level is required
to confirm a stronger bullish theme that would open trendline resistance at
$592.79, 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.

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