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ICE GASOIL (Z19): Looking To Test.........>

OIL TECHS
OIL TECHS: ICE GASOIL (Z19): Looking To Test Resistance
*RES 4: $602.75 - 61.8% retracement of Sep 16 - Oct 3 decline
*RES 3: $595.75 - High Oct 24 and Oct 28 and key resistance
*RES 2: $593.75 - High Nov 6
*RES 1: $592.00 - High Nov 15
*PRICE: $586.00 @ 06:53 GMT Nov 26
*SUP 1: $567.50 - Low Nov 21
*SUP 2: $557.00 - Low Nov 20
*SUP 3: $548.25 - Low Oct 3 and primary support
*SUP 4: $542.50 - Low Sep 3
GASOIL rebounded sharply last Wednesday and Thursday taking prices back into the
broad range that has dominated since early October. Attention is still on the
key resistance parameter at $595.75, Oct 24 and 28 high. A breach would
highlight an important breakout and establish an uptrend. This would pave the
way for a move towards $602.75, 50% of the Sep 16 - Oct 3 decline. Key support
has been defined at $557.00, Nov 20 low.

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