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ICE GASOIL (J19): March 1 Highs Remain....>

OIL TECHS
OIL TECHS: ICE GASOIL (J19): March 1 Highs Remain The Target
*RES 4: $677.50 - Low Oct 25, 2018 
*RES 3: $673.75 - High Nov 8, 2018 
*RES 2: $649.49 - 61.8% Retracement (752.25 Oct high-483.25 Dec low) 
*RES 1: $629.50 - High Mar 1 
*PRICE: $622.25 @ 05:47 GMT Apr 10 
*SUP 1: $605.21 - 50-dma
*SUP 2: $595.25 - Low Mar 22 
*SUP 3: $587.75/579.97- High Feb 4/100-dma 
*SUP 4: $567.25 - Low Feb 7 
Gasoil futures have dropped back below the 200-dma after failing to take out the
March 1 ytd high at $629.50 yesterday. The pullback has been mild though keeping
the upside focus with a break above $629.50 needed to allow a run at the 61.8%
retracement at $649.49. Bears need a break below the 50-dma at $605.21 to open
the Mar 22 low at $595.25. A break would suggest a bearish reversal, opening the
Feb 4 high & 100-dma at $587.75/579.97.

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