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ICE GASOIL (H19): Feb 22 Highs Under......>

OIL TECHS
OIL TECHS: ICE GASOIL (H19): Feb 22 Highs Under Pressure
*RES 4: $700.00 - Resistance 
*RES 3: $668.00 - Low Nov 5 (continuation chart) 
*RES 2: $638.65 - 200-dma (continuation chart) 
*RES 1: $626.25 - High Feb 22 
*PRICE: $621.00 @ 05:40 GMT Feb 28 
*SUP 1: $599.50/$604.25 - 21-dma/Dec 26 low
*SUP 2: $552.50 - Jan 28 Low 
*SUP 3: $483.25 - Dec 26 low (continuation chart) 
*SUP 4: $402.50 - Low July 21 2016 (continuation chart) 
Gasoil futures rallied just shy of Friday's high at $626.25 yesterday with a
break above here needed to open the 200-dma at $638.65. Above here would suggest
a resumption of the broader bull market. To change the outlook bears target the
21-dma which comes in at $599.50. The Jan 28 low at $552.50 comes in below here,
and a bearish break would return to the focus to the Dec 26 lows.

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