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ICE GASOIL (K20): $200.00 Cleared *RES....>

OIL TECHS
OIL TECHS: ICE GASOIL (K20): $200.00 Cleared
*RES 4: $300.75 - High Apr 14
*RES 3: $283.00 - High Apr 17 and intraday key resistance
*RES 2: $264.75 - High Apr 21
*RES 1: $224.50 - Intraday high
*PRICE: $193.25 @ 07:52 BST Apr 22
*SUP 1: $188.25 - Intraday low
*SUP 2: $184.79 - 2.236 projection of Jan 8 - Feb 3 decline from Feb 20 high
*SUP 3: $162.85 - 2.382 projection of Jan 8 - Feb 3 decline from Feb 20 high
*SUP 4: $145.13 - 2.500 projection of Jan 8 - Feb 3 decline from Feb 20 high
Gasoil remains bearish and further weakness is likely. Yesterday's sharp losses
to fresh 2020 lows confirms a resumption of this year's downtrend. Furthermore,
the break of $200.00 is also weighing on sentiment now that this psychological
level has been cleared. Potential is seen for a move towards $184.79 next and
$162.85, both Fibonacci projection levels. Initial resistance is at $224.50.

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