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ICE GASOIL (H19): Rally Extends *RES 4:...>

OIL TECHS
OIL TECHS: ICE GASOIL (H19): Rally Extends
*RES 4: $700.00 - Resistance 
*RES 3: $668.00 - Low Nov 5 (continuation chart)
*RES 2: $641.60 - 200-dma (continuation chart) 
*RES 1: $625.50 - Low Nov 13 (continuation chart) 
*PRICE: $618.00 @ 05:33 GMT Feb 18 
*SUP 1: $581.02 - 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 are moving towards the Nov 13 lows at $625.50 as upside momentum
builds following last week's bullish breakout. Above here would bring the
200-dma back into view currently at $641.60. 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
sift the outlook negative.

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