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

OIL TECHS
OIL TECHS: ICE GASOIL (J19): Potential Bull Flag Formation
*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: $629.50/627.25 - High Mar 1/200-dma 
*RES 1: $620.25 - High Mar 21 
*PRICE: $611.00 @ 05:28 GMT Mar 27 
*SUP 1: $595.25/596.22 - Low Mar 22/50-dma 
*SUP 2: $587.75/582.67 - High Feb 4/100-dma 
*SUP 3: $567.25 - Low Feb 7 
*SUP 4: $553.25 - Low Jan 28 
Gasoil futures have recovered from Friday's low to keep the hopes of a bull flag
formation alive with bulls now looking to recover the March 21 high at $620.25
to reignite upside momentum. Above here would target the 200-dma/March 1 high at
$627.26/629.50. Bears need a break below Friday's low and the 50-dma at
$595.25/596.22 to suggest a bearish reversal to the Feb 4 high and 100-dma at
$587.75/582.67. 

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