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ICE GASOIL (G19): False Bullish Break ....>

OIL TECHS
OIL TECHS: ICE GASOIL (G19): False Bullish Break 
*RES 4: $700.00 - Resistance 
*RES 3: $645.24 - 200-dma (continuation chart) 
*RES 2: $600.00 - High Dec 4 (continuation chart) 
*RES 1: $587.75 - High Jan 31 
*PRICE: $572.50 @ 05:47 GMT Feb 1 
*SUP 1: $564.07 - 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 failed to sustain the break out of its three week range which has
shifted the focus back to the downside and on the 21dma at $564.07. A break
below here would mark the first such move since Oct 2017 suggesting a resumption
of the broader bearish trend towards the Nov 30 low at $543.75 ahead of the Dec
26 low at $483.25. Bulls look to take out yesterday's high at $587.75 to
reignite upside momentum and target the 200dma $645.24.

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