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ICE GASOIL: (H18) Below $546.25 To........>

OIL TECHS
OIL TECHS: ICE GASOIL: (H18) Below $546.25 To Target 200-DMA
*RES 4: $589.82 - 55-DMA
*RES 3: $581.25 - Hourly resistance Feb 7
*RES 2: $575.75 - Hourly resistance Feb 8
*RES 1: $565.25 - Hourly support Feb 9 now resistance
*PRICE: $556.75 @ 0430GMT
*SUP 1: $550.00 - Hourly support Feb 12 
*SUP 2: $546.25 - Monthly Low Dec 6, 2018 Low Feb 9 
*SUP 3: $536.50 - Monthly Low Nov 2 
*SUP 4: $528.75 - Low Oct 27
*COMMENTARY: Having looked offered bears have not been disappointed with the
contract closing below the 200-WMA ($576.18). Immediate focus is now on the
$546.25 support with bears needing a close below to shift initial focus to
$515.69-528.75 where the 200-DMA ($515.69) is located. Bulls now need a close
above $565.25 to ease bearish pressure and above the 55-DMA to hint at a move
back to $625.25-631.25.

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