Gasoil held Tuesday’s again hitting 1014/16 resistance & as predicted we did see a low at almost exactly 1003. Chance of a low here again today but if we continue lower look for 999 and then we can try longs down to 997.25/996.50 expecting a bounce with a stop below 995. 1014/16 remains tricky resistance but if we break higher we should then close a gap at 1021.





Long term levels

1045     2012 High

1030     Oct High

1019     Sept High

1008     Last Week’s High

966      Last Week’s Low

959.75   Dec High

952.35  100 Day Moving Average

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