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ICE GASOIL (G19) Improving Outlook......>

COMMODITIES: ICE GASOIL (G19) Improving Outlook
*RES 4: $700.00 - Resistance
*RES 3: $643.01 - 200-dma
*RES 2: $585.04 - 38.2% Retracement of decline from $748.50
*RES 1: $537.43 - 21-dma
*PRICE: $534.25 @ 14:05 GMT Jan 4
*SUP 1: $483.25 - Dec 26 low
*SUP 2: $460.00 - Up trendline support from 2016 lows
*SUP 3: $441.50 - Low July 23 2016
Gasoil futures remain in their recent range but are starting to generate a more
positive outlook on the intraday charts. Bulls need a close above the 21-dma to
build on recent momentum, opening the 38.2% retracement level at $585.04. Bears
continue to target the Dec 26 lows at $483.25 below which opens up trendline
support from the 2016 lows.

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