ICE GASOIL (Z19): $596.00 Break Would.....>

OIL TECHS: ICE GASOIL (Z19): $596.00 Break Would Trigger Gains

*RES 4: $615.61 - 61.8% retracement of Sep 16 - Oct 3 decline

*RES 3: $611.00 - High Sep 19

*RES 2: $602.75 - 50.0% retracement of Sep 16 - Oct 3 decline

*RES 1: $596.00 - High Nov 6 and Dec 6 high plus the bull trigger

*PRICE: $586.25 @ 07:19 GMT Dec 10

*SUP 1: $576.75 - Low Dec 5

*SUP 2: $565.50 - Low Dec 3 and a key support

*SUP 3: $557.00 - Low Nov 20

*SUP 4: $548.25 - Low Oct 3 and primary support

GASOIL is still trading below the Nov 26 high of $596.00 although the level was

tested Friday. For a bullish focus to return, prices need to clear the key

resistance at $596.00. This would confirm a range breakout and set the scene for

an extension of a recovery that started off the October 3 low of $584.25. A

break would open $602.75, the 50% retracement of the Sep 16 to Oct 3 decline.

Initial support lies at $576.75.