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ICE GASOIL (H19): Struggling At Prior.....>

OIL TECHS
OIL TECHS: ICE GASOIL (H19): Struggling At Prior Range Lows
*RES 4: $700.00 - Resistance 
*RES 3: $668.00 - Low Nov 5 (continuation chart) 
*RES 2: $639.88 - 200-dma (continuation chart) 
*RES 1: $625.25 - Low Nov 14, now resistance 
*PRICE: $621.00 @ 05:50 GMT Feb 25
*SUP 1: $592.83 - 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 on Friday but were unable to take out
the prior range lows marked by the Nov 14 low at $625.25. The broader uptrend
remains intact though and bulls look to overcome this level to open the 200-dma
currently at $639.88. 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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