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ICE GASOIL (G19): Unable To Overcome......>

OIL TECHS
OIL TECHS: ICE GASOIL (G19): Unable To Overcome Jan 11 High
*RES 4: $700.00 - Resistance 
*RES 3: $647.48 - 200-dma (continuation chart) 
*RES 2: $600.00 - High Dec 4 (continuation chart) 
*RES 1: $579.50 - High Jan 11 
*PRICE: $567.50 @ 05:50 GMT Jan 24 
*SUP 1: $554.75 - Low Jan 14 
*SUP 2: $545.48 - 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 were once again unable to take out the Jan 11 high at $579.50
yesterday, which keeps the sideways trend intact. A break above here is needed
to trigger an inverse head and shoulders which would extend the rally towards
the Dec 4 high at $600.00 ahead of the 200-dma which comes in at $647.48. On the
downside the Jan 14 low acts as initial support ahead of the 21-dma, and bears
need to break below here to target the Dec 26 lows at $483.25.

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