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ICE GASOIL (M19): Bull Flag Potential.....>

OIL TECHS
OIL TECHS: ICE GASOIL (M19): Bull Flag Potential
*RES 4: $697.75 - High Oct 25, 2018 
*RES 3: $672.75 - High Nov 8, 2018 
*RES 2: $652.25 - High Apr 23 
*RES 1: $644.25 - High May 3 
*PRICE: $637.00 @ 05:33 GMT May 13 
*SUP 1: $623.78/623.50 - 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 are back on the front foot with down trendline resistance from
the ytd highs coming in at $640. Above here and the May 3 high at $644.25 would
open April 23 ytd high at $652.25 and resume the broader uptrend. On the
downside bears need a break below the 200-dma and the May 7 low at $623.78/50 to
suggest a downside reversal.

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