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ICE GASOIL (G19): 21-DMA In Focus *RES....>

OIL TECHS
OIL TECHS: ICE GASOIL (G19): 21-DMA In Focus
*RES 4: $700.00 - Resistance 
*RES 3: $646.23 - 200-dma (continuation chart) 
*RES 2: $600.00 - High Dec 4 (continuation chart) 
*RES 1: $579.50 - High Jan 11 
*PRICE: $556.50 @ 05:32 GMT Jan 29 
*SUP 1: $553.99 - 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 futures broke below their Jan 14 lows yesterday but managed to find
support at the 21-dma, keeping the broader rally alive. A hold above here would
allow bulls to target the Jan 11 high at $579.50, above which would reignite
upside momentum. A break below the 21-dma would open the Nov 30 low at $543.75
ahead of the Dec 26 lows at $483.25.

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