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ICE GASOIL (K19): Upside Momentum.........>

OIL TECHS
OIL TECHS: ICE GASOIL (K19): Upside Momentum Resumes
*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: $638.50 @ 05:43 GMT Apr 17 
*SUP 1: $624.37 - 200-dma 
*SUP 2: $610.25/607.73 - Low April 4/55-dma 
*SUP 3: $596.25/593.25 - Low Mar 28/Low Mar 8 
*SUP 4: $587.25/582.61- High Feb 4/100-dma 
Gasoil futures saw some renewed upside momentum yesterday after holding above
the 200-dma. The focus has returned to the upside with the 61.8% retracement
coming in just above current levels at $643.90. A break above here would open
the Nov 6 low at $651.50 ahead of the Nov 8 high. Bears need a close below the
200-dma at $624.37 to open the April 4 low/55-dma at $610.25/607.73 ahead of the
March 28/8 lows at $596.25/593.25. 

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