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ICE GASOIL (K19): 200-DMA Acts As.........>

OIL TECHS
OIL TECHS: ICE GASOIL (K19): 200-DMA Acts As Resistance-Turned-Support
*RES 4: $678.00 - Low Oct 25, 2018 
*RES 3: $672.75 - High Nov 8, 2018 
*RES 2: $651.50 - Low Nov 6 
*RES 1: $643.90 - 61.8% Retracement (752.25 Oct high-483.25 Dec low) 
*PRICE: $629.25 @ 05:14 GMT Apr 16 
*SUP 1: $624.49 - 200-dma 
*SUP 2: $610.25/606.54 - Low April 4/55-dma 
*SUP 3: $596.25/593.25 - Low Mar 28/Low Mar 8 
*SUP 4: $587.25/581.92- High Feb 4/100-dma 
Gasoil futures sit just above the key 200-dma support level at $624.49 with a
break below here needed to give bears the near term edge. A close below here
would open the April 4 low/55-dma at $610.25/606.54 ahead of the March 28/8 lows
at $596.25/593.25. Bulls look to take out last week's high to return the focus
to the 61.8% retracement at $643.90. A break above here would open the Nov 6 low
just above it at $651.50 ahead of the Nov 8 high.

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