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ICE GASOIL (M19): 55-DMA Is Key *RES 4:...>

OIL TECHS
OIL TECHS: ICE GASOIL (M19): 55-DMA Is Key
*RES 4: $681.92 - 76.4% retracement of Oct-Dec decline 
*RES 3: $672.75 - High Nov 8, 2018 
*RES 2: $666.75 - High May 16 
*RES 1: $639.68 - 21-dma
*PRICE: $632.00 @ 02:37 GMT May 23 
*SUP 1: $627.70 - 55-dma 
*SUP 2: $623.80/623.50 - 200-dma/Low May 7 
*SUP 3: $620.75 - Low April 26 
*SUP 4: $598.50 - Low March 28 
Gasoil futures have extended their selloff to the 55-dma at $627.70 which now
acts as key support. A break below here would open the 200-dma/May 7 low area at
$623.80/623.50, below which would shift the outlook negative opening the April
26 low. Bulls look to recover the 21-dma to improve the outlook andput the focus
back on the May 16 high at $666.75.

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