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ICE GASOIL (G19): 21-DMA Holds Shifting...>

OIL TECHS
OIL TECHS: ICE GASOIL (G19): 21-DMA Holds Shifting Focus To Upside
*RES 4: $700.00 - Resistance 
*RES 3: $645.95 - 200-dma (continuation chart) 
*RES 2: $600.00 - High Dec 4 (continuation chart) 
*RES 1: $579.50 - High Jan 11 
*PRICE: $574.75 @ 05:44 GMT Jan 30 
*SUP 1: $557.79 - 21-dma (continuation chart) 
*SUP 2: $543.75 - Nov 30 Low 
*SUP 3: $483.25 - Dec 26 low (continuation chart) 
*SUP 4: $402.50 - Low July 21 2016 (continuation chart) 
Gasoil bounced strongly off support at the 21-dma, keeping the broader rally
alive as bulls turn their attention to the Jan 11 high at $579.50. Above here
would reignite upside momentum allowing a run at the Dec 4 highs. Bears need a
break below the 21-dma at $557.79 to shift the outlook bearish and open the Nov
30 low at $543.75 ahead of the Dec 26 low at $483.25.

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