ICE GASOIL: (X17) $527.50 Resistance......>

OIL TECHS: ICE GASOIL: (X17) $527.50 Resistance Key

*RES 4: $536.00 - High Oct 5 

*RES 3: $527.50 - Hourly support Oct 6 now resistance 

*RES 2: $524.50 - Low Oct 5 

*RES 1: $521.25 - Hourly resistance Oct 6

*PRICE: $516.25 @ 0430GMT

*SUP 1: $510.25 - Low Oct 9 

*SUP 2: $507.26 - Bollinger band base 

*SUP 3: $506.00 - Low Sept 12 

*SUP 4: $504.22 - Daily Bull channel base

*COMMENTARY: Bulls failed to take advantage of Thursday's recovery with the

sell-off Friday leaving the contract looking heavy and losses continuing Monday.

Bears are currently focused on $501.01-504.22 where the bull channel base and

55-DMA are noted. Bears look for a close below the 55-DMA to confirm a break and

initially pressure $492.00-494.00. Bulls now need a close above $527.50 to

return pressure to $537.25 and above this level to target $550.50-561.29.