ICE GASOIL (U19): Key resistance still....>

OIL TECHS: ICE GASOIL (U19): Key resistance still at $582.00

*RES 4: $596.07 - Trendline resistance drawn off the Jul 11 high

*RES 3: $586.50 - High Aug 2

*RES 2: $581.77/582.00 - 50-day-EMA / High Aug 13

*RES 1: $569.00 - High Aug 16

*PRICE: $563.50 @ 06:01 BST Aug 19

*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 last weeks activity defined a key resistance at $582.00. 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 required to signal the onset of a

stronger bullish theme. This would open trendline resistance at $596.07, drawn

off the Jul 11 high. A move below the Aug 13 low of $553.25 would instead expose

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