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ICE GASOIL (H19): Marginal New Highs .....>

OIL TECHS
OIL TECHS: ICE GASOIL (H19): Marginal New Highs 
*RES 4: $700.00 - Resistance 
*RES 3: $668.00 - Low Nov 5 (continuation chart) 
*RES 2: $640.29 - 200-dma (continuation chart) 
*RES 1: $625.25 - Low Nov 14, now resistance  
*PRICE: $620.50 @ 04:50 GMT Feb 22 
*SUP 1: $590.24 - 21-dma (continuation chart) 
*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 posted marginal new highs yesterday shifting the focus on the Nov
14 low at $625.25 ahead of the 200-dma currently at $640.60. Above here would
strengthen the uptrend and open the the Nov 5 lows. Bears need a break below the
21-dma to stabilise the outlook while a break the Jan 28 low at $552.50 is
needed to suggest a bearish reversal.

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