ICE GASOIL (V19): Close To Filling The....>

OIL TECHS: ICE GASOIL (V19): Close To Filling The Gap

*RES 4: $673.50 - High Sep 16 and bull trigger

*RES 3: $650.00 - High Sep 17

*RES 2: $624.00 - High Sep 19 and key resistance

*RES 1: $604.50 - High Sep 27

*PRICE: $587.75 @ 06:49 BST Oct 1

*SUP 1: $583.75 - Low Sep 30

*SUP 2: $580.00 - High Sep 13 and gap low

*SUP 3: $570.75 - Low Sep 13

*SUP 4: $567.50 - Low Sep 12

GASOIL traded lower yesterday. The recent sell-off is expected to extend further

as the contract gradually fills the large gap in the chart created by the risk

related spike on Sep 16. The focus is on a move to $580.00, Sep 13 high. A print

of this level would fill the gap. Resistance has been defined at $624.00, Sep 19

high. While this level remains intact, the near-term outlook remains bearish.

Initial resistance is at $604.50, Friday's high.