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ICE GASOIL: (F19) Recovery Efforts Fall...>

OIL TECHS
OIL TECHS: ICE GASOIL: (F19) Recovery Efforts Fall Short
*RES 4: $700.00 - Resistance 
*RES 3: $647.22 - 200-dma 
*RES 2: $618.17 - 38.2% Retracement of decline from $749.50 
*RES 1: $559.80 - 21-dma 
*PRICE: $532.25 @ 05:52 GMT Dec 20 
*SUP 1: $500.00 - Support 
*SUP 2: $490.00 - Triangle breakout target 
*SUP 3: $460.00 - Up trendline support from 2016 lows 
*SUP 4: $441.50 - Low July 23 2016 
Jan-19 Gasoil saw some signs of life yesterday but gains were given back to keep
the bearish trend firmly intact. The $500 level is the next downside target,
below here opens the triangle breakout target down at $490. Long term uptrend
support from the 2016 lows comes in at $460, below which would further weaken
the outlook. Bulls need to break above the 21-dma to improve the outlook and
open the 38.2% retracement level at $618.17. 

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