ICE GASOIL (V19): Has Filled The Gap......>

OIL TECHS: ICE GASOIL (V19): Has Filled The Gap

*RES 4: $650.00 - High Sep 17

*RES 3: $624.00 - High Sep 19

*RES 2: $604.50 - High Sep 27 and key resistance

*RES 1: $592.00 - High Oct 1

*PRICE: $570.50 @ 07:25 BST Oct 3

*SUP 1: $569.50 - Low Oct 2

*SUP 2: $567.50 - Low Sep 12

*SUP 3: $554.25 - Low Sep 4

*SUP 4: $548.25 - Low Sep 3

GASOIL traded lower again yesterday to a low of $569.50. This confirms a fill of

the entire gap created in the chart by the risk related spike on Sep 16. The

outlook remains bearish and the focus is on a move to $567.50 next, Sep 12 low.

Clearance of this level would pave the way for a move to $548.25, Sep 3 low. On

the upside, key near-term resistance has been defined at $604.50, Sep 27 high.