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ICE GASOIL (X19): Trading Sideways *RES...>

OIL TECHS
OIL TECHS: ICE GASOIL (X19): Trading Sideways
*RES 4: $618.75 - High Sep 19
*RES 3: $610.63 - 50.0% retracement of Sep 16 - Oct 3 decline
*RES 2: $600.00 - High Sep 27
*RES 1: $597.50 - High Oct 11
*PRICE: $591.75 @ 06:57 BST Oct 24
*SUP 1: $578.25 - Low Oct 21
*SUP 2: $572.75 - Low Oct 15 and key near-term support
*SUP 3: $569.50 - Low Oct 8
*SUP 4: $554.50 - Low Oct 3 and key bear trigger
GASOIL is unchanged and continues to consolidate. A bullish outlook remains
intact though following last weeks move higher off $572.75, Oct 15 low. Momentum
studies are constructive and a short-term bullish price structure of higher
highs and higher lows remains intact. 597.38, 38.2% of Sep 16 - Oct 3 decline
has recently been probed. A clear breach of the recent $597.50 high would open
$610.63. Key short-term support is at $572.75, Oct 15 low.

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