ICE GASOIL (Z19): Still In Its Range......>

OIL TECHS: ICE GASOIL (Z19): Still In Its Range

*RES 4: $611.00 - High Sep 19

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

*RES 2: $596.00 - High Nov 6

*RES 1: $591.25 - High Nov 29

*PRICE: $583.50 @ 07:23 GMT Dec 6

*SUP 1: $565.50 - Low Dec 3

*SUP 2: $557.00 - Low Nov 20

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

*SUP 4: $542.50 - Sep 3 low

GASOIL is still trading below the Nov 26 high of $596.00. The pullback on Nov 29

resulted in prices slipping back into the broad range that has been in place for

just over a month. For a bullish focus to return, prices need to continue

reclaiming territory lost on Nov 29 and move towards $590.00. The key resistance

is at $596.00, Nov 27 high where a break would confirm a bullish range breakout.

Sub $565.50 would expose $557.00.