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ICE GASOIL (V19): Still Vulnerable *RES...>

OIL TECHS
OIL TECHS: ICE GASOIL (V19): Still Vulnerable
*RES 4: $673.50 - High Sep 16 and key resistance
*RES 3: $650.00 - High Sep 17
*RES 2: $624.00 - High Sep 19
*RES 1: $604.50 - High Sep 27
*PRICE: $597.50 @ 07:30 BST Sep 30
*SUP 1: $588.25 - Low Sep 27 and intraday bear trigger
*SUP 2: $587.50 - High Sep 12
*SUP 3: $580.00 - High Sep 13 and gap low
*SUP 4: $567.50 - Low Sep 12
GASOIL remains vulnerable following last weeks move lower. The recent sell-off
is expected to extend 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.

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