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OIL TECHS: ICE GASOIL (X19): Watching $582.50 Support
*RES 4: $623.87 - 61.8% retracement of Sep 16 - Oct 3 decline
*RES 3: $618.75 - High Sep 19
*RES 2: $610.63 - 50.0% retracement of Sep 16 - Oct 3 decline
*RES 1: $602.50 - High Oct 24 and intraday bull trigger
*PRICE: $588.75 @ 07:27 BST Oct 30
*SUP 1: $582.50 - Low Oct 29 and pivotal intraday support
*SUP 2: $578.25 - Low Oct 21
*SUP 3: $572.75 - Low Oct 15 and key support
*SUP 4: $569.50 - Low Oct 8
Recent GASOIL gains stalled at $602.50, Oct 24 high. The move lower for now is
being viewed as a correction. Yesterday's price action recovered off the day low
of $582.50 and this has been defined as an important intraday support. If
futures can recover with $582.50 intact and clear $602.50 resistance, a bullish
resumption will be confirmed. Alternatively, a deeper setback towards $572.75
would be likely of price break lower.