Gasoil range has been established from 1000/999 up to 1029/32. Resistance along the way is at 1011/12 then 1015 with 1019 likely to cap today. However above here look for 1024/25. A close above 1032 today is now needed to continue the bull run to 1037 then 2012 highs of 1045 where
bulls could run in to a big obstacle.
Support at 1006 but below 1004 risks another test of good support at 1000/99 and a bounce likely. Stops needed however below 996 for 989 as the next target.
Long term levels
1045 2012 High
1031 Last Week’s High
1030 Oct High
1019 Sept High
999 Last Week’s Low
959.75 Dec High
958 100 Day Moving Average
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