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ICE GASOIL: (F19) YTD Lows In Sight.......>

OIL TECHS
OIL TECHS: ICE GASOIL: (F19) YTD Lows In Sight
*RES 4: $700.00 - Resistance 
*RES 3: $647.57 - 200-dma 
*RES 2: $618.17 - 38.2% Retracement of decline from $749.50 
*RES 1: $566.63 - 21-dma
*PRICE: $542.25 @ 06:49 GMT Dec 18
*SUP 1: $537.00 - Low Nov 30 
*SUP 2: $538.00 - Feb 14 
*SUP 3: $500.00 - Support
*SUP 4: $460.00 - Up trendline support from 2016 lows 
Jan-19 Gasoil are edging down to the Nov 30 lows and a break would bring the Feb
14 ytd lows at $538 into focus, further strengthening the bearish case. Bulls
need to break above the 21-dma to improve the outlook and open the 38.2%
retracement level at $618.17. Above here would allow a challenge of the 200-dma
at $647.57 to suggest a bullish reversal.

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