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ICE GASOIL (V19): Vulnerable *RES 4:......>

OIL TECHS
OIL TECHS: ICE GASOIL (V19): 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: $612.75 - High Sep 24
*PRICE: $596.00 @ 07:48 BST Sep 27
*SUP 1: $588.75 - Low Sep 25
*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 this 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.

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