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ICE GASOIL (M19): Downside Focus..........>

OIL TECHS
OIL TECHS: ICE GASOIL (M19): Downside Focus Remains
*RES 4: $672.75 - High Nov 8, 2018 
*RES 3: $666.75 - High May 16 
*RES 2: $635.98 - 21-dma 
*RES 1: $623.41/627.41 - 200-dma/55-dma 
*PRICE: $613.00 @ 02:51 GMT May 27 
*SUP 1: $601.50 - Low May 24 
*SUP 2: $598.50 - Low March 28 
*SUP 3: $592.00 - Low March 8 
*SUP 4: $577.50 - 50% retracement of Dec-May gains 
Gasoil futures remain under pressure with recovery efforts so far lacking
momentum keeping the focus on Friday's low at $601.50. Below here opens the
March 28 low just below at $598.50. A break would suggest a downside reversal to
the March 8 low at $592.00 ahead of the 50% retracement of the Dec-May gains at
$577.50. Bulls need to recover the 200/55-dmas at $623.41/627.50 to stabilise
the outlook and allow a run at the 21-dma at $635.98.
Energy BulletsCommodities
Energy BulletsCommodities

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