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ICE GASOIL (G19) Holding Above the $550...>

OIL TECHS: ICE GASOIL (G19) Holding Above the $550 Level
*RES 4: $700.00 - Resistance 
*RES 3: $642.00 - 200-dma 
*RES 2: $588.25 - High Dec 7 
*RES 1: $585.04 - 38.2% Retracement of decline from $748.50 
*PRICE: $561.75 @ 05:43 GMT Jan 14 
*SUP 1: $534.37 - 21-dma 
*SUP 2: $483.25 - Dec 26 low 
*SUP 3: $460.00 - Up trendline support from 2016 lows 
*SUP 4: $441.50 - Low July 23 2016 
The recovery in Gasoil futures remains intact as the recent pullback lacks
impulse keeping the focus on the  38.2% retracement level at $585.04 ahead of
the Dec 7 high at $588.25. The 21-dma acts as support and bears need to break
below to target the Dec 26 lows at $483.25. Below here opens up trendline
support from the 2016 low.

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