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ICE GASOIL (M19): Bears Look For A........>

OIL TECHS
OIL TECHS: ICE GASOIL (M19): Bears Look For A Close Below 21-DMA
*RES 4: $697.75 - High Oct 25, 2018 
*RES 3: $681.92 - 76.4% retracement of Oct-Dec decline 
*RES 2: $672.75 - High Nov 8, 2018 
*RES 1: $666.75 - High May 16 
*PRICE: $642.25 @ 01:22 GMT May 22 
*SUP 1: $640.80 - 21-dma
*SUP 2: $627.48/623.91/623.50 - 55-dma/200-dma/Low May 7 
*SUP 3: $620.75 - Low April 26 
*SUP 4: $598.50 - Low March 28 
Gasoil futures are holding just above the 21-dma as bears look for a close below
here to extend the pullback towards the key 55-dma/200-dma/May 7 low area at
$627.48/623.93/623.50. Below here would shift the outlook negative opening the
April 26 low. Bulls look to take out Thursday's high at $666.75 to return the
focus to the Nov 8 high at $672.75 ahead of the 76.4% retracement of the Oct-Dec
decline at $681.98.

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