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Extends The Downtrend *RES 4: $626.15 -...>

OIL TECHS
OIL TECHS: Extends The Downtrend
*RES 4: $626.15 - 200-dma
*RES 3: $610.45 - 100-dma
*RES 2: $601.50 - Low May 24, now resistance
*RES 1: $590.75 - High May 31
*PRICE: $562.75 @ 05:47 GMT Jun 3
*SUP 1: $559.00 - Intraday low
*SUP 2: $575.00 - 61.8% retracement Dec-May rise
*SUP 3: $552.50 - Low Jan 28
*SUP 4: $536.00 - Low Jan 8
Gasoil futures extended the downtrend and is on course to register its fifth
consecutive session of losses. Bears target a close below the 61.8% retracement
of the Dec-May rise at $575.00, a break opens the Jan 28 low at $552.50. Bulls
need to clear Friday's high to re-ignite upside momentum, before challenging a
break back above the $600 level.

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