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ICE GASOIL (U19): Rallying *RES 4:........>

OIL TECHS
OIL TECHS: ICE GASOIL (U19): Rallying
*RES 4: $618.25 - High Jul 11
*RES 3: $611.00 - High Jul 12
*RES 2: $606.75 - High Jul 31
*RES 1: $602.25 - High Sep 10
*PRICE: $595.25 @ 06:39 BST Sep 11
*SUP 1: $582.11 - Trendline support-now-resistance drawn off Jul 11 high
*SUP 2: $563.75 - Low Sep 6
*SUP 3: $554.75 - Low Sep 4
*SUP 4: $547.00 - Low Sep 3 and initial key support
GASOIL bullish conditions prevail with prices pushing higher again yesterday.
This follows the recent clearance of trendline resistance drawn off the Jul 11
high and Monday's breach of $588.00, the Sep 5 high. Scope is for a climb
towards $606.75 next, Jul 31 low. Momentum and moving average studies are
bullish reinforcing the current positive outlook. Support lies at $682.93, the
former trendline resistance.

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