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ICE GASOIL (H19): Weak Weekly Close.......>

OIL TECHS
OIL TECHS: ICE GASOIL (H19): Weak Weekly Close
*RES 4: $700.00 - Resistance 
*RES 3: $668.00 - Low Nov 5 (continuation chart) 
*RES 2: $637.85 - 200-dma (continuation chart) 
*RES 1: $633.25 - High Mar 1
*PRICE: $617.50 @ 05:34 GMT Mar 4 
*SUP 1: $609.50 - Low Mar 1
*SUP 2: $602.99/$604.25 - 21-dma/Feb 26 low 
*SUP 3: $590.75 - High Feb 4 
*SUP 4: $552.50 - Low Jan 28 
Gasoil futures had a poor close to the week after posting marginal new highs but
failing to overcome the 200-dma. Bulls now look to recover Friday's high at
$633.25 to bring the 200-dma at4637.85 back into play. Above here would suggest
a resumption of the broader bull market towards the Nov 5 low at $668.00. To
change the outlook bears target Friday's low at $609.50, below which would open
the 21-dma which comes in at $602.99 and the Feb 26 low at $604.25. 

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