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ICE GASOIL (K20): Bullish Despite.........>

OIL TECHS
OIL TECHS: ICE GASOIL (K20): Bullish Despite Pullback
*RES 4: $278.75 - High Apr 20
*RES 3: $270.00 - Low Apr 1 and former breakout level
*RES 2: $264.75 - High Apr 21
*RES 1: $259.00 - High May 6
*PRICE: $239.00 @ 07:11 BST May 8
*SUP 1: $224.75 - Low May 6
*SUP 2: $210.00 - Low May 4 and key near-term support
*SUP 3: $190.75 - Low Apr 29
*SUP 4: $181.00 - Low Apr 28 and primary support
Gasoil stalled at $259.00 Wednesday. Despite this pullback, a near-term bullish
theme remains in place. The recovery off $181.00, Apr 28 low has resulted in a
break of resistance at $237.25, Apr 23 high. Furthermore, futures did this week
clear the 20-day EMA further reinforcing the current bullish cycle, although
price is back below the average. Attention is on $264.75, Apr 21 high and
potentially $283.00, Apr 17 high further out. Firm support is at $210.00.

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