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ICE GASOIL (J19): Challenging 50-dma......>

OIL TECHS
OIL TECHS: ICE GASOIL (J19): Challenging 50-dma
*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: $626.83/629.50 - 200-dma/High Mar 1 
*RES 1: $620.25 - High Mar 21 
*PRICE: $604.00 @ 06:43 GMT Mar 29 
*SUP 1: $597.47/595.25 - 50-dma/Low Mar 22 
*SUP 2: $587.75/581.51 - High Feb 4/100-dma 
*SUP 3: $567.25 - Low Feb 7 
*SUP 4: $553.25 - Low Jan 28 
Gasoil futures extended the downtrend to rest on support from the 50-dma
Thursday. Bears need a break below the Mar 22 low at $595.25 to suggest a
bearish reversal, opening the Feb 4 high & 100-dma at $587.75/581.51. Bulls need
to recover the March 21 high at $620.25 to reignite upside momentum and bring
the 200-dma & March 1 high back into view at $626.83/629.50. 
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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