ICE GASOIL (U19): Pivot resistance........>

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

*RES 4: $606.75 - High Jul 31

*RES 3: $596.89 - Trendline resistance drawn off the Jul 11 high

*RES 2: $586.50 - High Aug 2

*RES 1: $581.93/82.00 - 50-day-EMA / High Aug 13

*PRICE: $563.25 @ 06:45 BST Aug 16

*SUP 1: $556.00 - Low Aug 15

*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 has this week defined a key resistance at $582.00. Although the recent

downtrend that began on Jul 11 has been neutralised following the recent 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 $596.89, drawn

off the Jul 11 high. A move below yesterday's $556.00 low though would instead

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