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ICE GASOIL: (J18) Bollinger Bands.........>

OIL TECHS
OIL TECHS: ICE GASOIL: (J18) Bollinger Bands Continue To Narrow
*RES 4: $590.67 - 55-DMA
*RES 3: $582.78 - Daily Bear channel top
*RES 2: $582.00 - Low Feb 23 now resistance
*RES 1: $579.50 - High Mar 7
*PRICE: $575.25 @ 0430GMT
*SUP 1: $571.75 - Low Mar 15 
*SUP 2: $562.50 - Low Mar 12 
*SUP 3: $558.50 - Low Mar 2 
*SUP 4: $554.25 - Low Feb 15
*COMMENTARY: Layers of resistance $582.00-604.25 remain key with bulls needing a
close above this region to end bearish hopes and confirm focus on $628.25-630.50
where 2018 & monthly highs are located. In saying that, the $554.25-562.50
support region is also key. Bears need a close below $554.25 to confirm focus on
$527.25-542.00 where the 200-DMA is noted. Narrowing Bollinger bands increase
the risk of a break out in the near future.

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