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ICE GASOIL (G19): Tight Range Intact......>

OIL TECHS
OIL TECHS: ICE GASOIL (G19): Tight Range Intact
*RES 4: $700.00 - Resistance 
*RES 3: $646.70 - 200-dma (continuation chart) 
*RES 2: $600.00 - High Dec 4 (continuation chart) 
*RES 1: $579.50 - High Jan 11 
*PRICE: $565.25 @ 05:51 GMT Jan 25 
*SUP 1: $554.75 - Low Jan 14 
*SUP 2: $551.44 - 21-dma (continuation chart) 
*SUP 3: $483.25 - Dec 26 low (continuation chart) 
*SUP 4: $402.50 - Low July 21 2016 (continuation chart) 
Gasoil futures continue to trade within a tight range with bulls looking for a
break above the Jan 11 high at $579.50 to reignite upside momentum and bears
looking to take out the Jan 14 low at $554.75 to shift the focus lower. Above
the Jan 11 high would trigger an inverse head and shoulders which would extend
the rally towards the Dec 4 high at $600.00. Below the Jan 14 low would open the
21-dma, below which would open the Dec 26 lows at $483.25.

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