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ICE GASOIL (J19): Bull Flag Potential.....>

OIL TECHS
OIL TECHS: ICE GASOIL (J19): Bull Flag Potential
*RES 4: $673.75 - High Nov 8, 2018 
*RES 3: $649.49 - 61.8% Retracement (752.25 Oct high-483.25 Dec low) 
*RES 2: $626.53/629.50 - 200-dma/High Mar 1 
*RES 1: $620.25 - High Mar 21 
*PRICE: $609.75 @ 06:04 GMT Apr 2 
*SUP 1: $599.04/595.25 - 50-dma/Low Mar 22 
*SUP 2: $587.75/580.59 - High Feb 4/100-dma 
*SUP 3: $567.25 - Low Feb 7 
*SUP 4: $553.25 - Low Jan 28 
Gasoil futures remain in their downward slowing tight range but with bulls
continuing to defend the $600 level a potential bull flag could be triggered on
a break above the March 21 high at $620.25. Above here would open the key
200-dma/March 1 high at $626.53/629.50 ahead of a run at the 61.8% retracement
level. Bears need a break below the 50-dma and Mar 22 low at $599.04/595.25 to
suggest a bearish reversal, opening the Feb 4 high & 100-dma at $587.75/580.59.

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