ICE GASOIL (V19): Recovers off lows.......>

OIL TECHS: ICE GASOIL (V19): Recovers off lows

*RES 4: $620.75 - High Jul 11 and key resistance

*RES 3: $613.50 - High Jul 12 and 15

*RES 2: $608.00 - High Jul 31

*RES 1: $603.25 - High Sep 10

*PRICE: $585.75 @ 07:10 BST Sep 12

*SUP 1: $579.25 - Low Sep 11

*SUP 2: $565.50 - Low Sep 6

*SUP 3: $554.25 - Low Sep 4

*SUP 4: $548.25 - Low Sep 3 and initial key support

The recent GASOIL recovery came unstuck yesterday as selling pressure emerged.

Prices pulled back to the former trendline support drawn off the Jul 11 high and

breached last week. Although the trendline was probed, support at the days low

allowed prices to recover. This has defined a key intraday support at

yesterday's low of $579.25. If this level is able to hold, bullish conditions

will be maintained too with the focus on $603.25, the bull trigger.