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ICE GASOIL (M19): Bull Flag Break Fails...>

OIL TECHS
OIL TECHS: ICE GASOIL (M19): Bull Flag Break Fails To Hold
*RES 4: $697.75 - High Oct 25, 2018 
*RES 3: $672.75 - High Nov 8, 2018 
*RES 2: $658.44 - Low Sep 6, 2018
*RES 1: $652.00/25 - High May 13/Apr 23 
*PRICE: $632.75 @ 05:43 GMT May 14 
*SUP 1: $623.74/623.50 - 200-dma/Low May 7 
*SUP 2: $620.75 - Low April 26 
*SUP 3: $598.50 - Low March 28 
*SUP 4: $592.00/589.60 - Low Mar 8 / 38.2% retracement of Dec-April move 
Gasoil futures broke above down trendline resistance from the ytd highs
yesterday before gains faced resistance ahead of the April 23 in at $652.25
before posting a downside reversal. The focus is now on the 200-dma and the May
7 low at $623.74/50 with a a downside break opening the April 26 low. Bulls need
to recover yesterday's high and the April 23 high to reignite the broader rally.

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