ICE GASOIL (X19): Pullback Likely A.......>

OIL TECHS: ICE GASOIL (X19): Pullback Likely A Correction

*RES 4: $618.75 - High Sep 19

*RES 3: $610.63 - 50.0% retracement of Sep 16 - Oct 3 decline

*RES 2: $602.50 - High Oct 24 and bull trigger

*RES 1: $596.50 - High Nov 4 and Nov 6

*PRICE: $579.00 @ 08:09 GMT Nov 7

*SUP 1: $567.50 - Low Nov 1

*SUP 2: $563.75 - Low Oct 31 and key support

*SUP 3: $554.50 - Low Oct 3 and primary support

*SUP 4: $546.25 - Low Sep 3

GASOIL defined a key support last week at $563.75 which if cleared, would pave

the way for a test of primary support at $554.50, Oct 3 low. The recovery on Nov

1 and Nov 4 is viewed as a positive development despite the pullback over the

past 3-sessions. Upside follow through and in particular a breach of $596.50

would open the key resistance at $602.50 where, a break confirms a bullish

resumption and would open $610.63 as an initial objective.