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OIL TECHS: ICE GASOIL (M19): Uptrend And 200-DMA Remain Key
*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: $642.25 - High Apr 30
*PRICE: $634.00 @ 05:44 GMT May 1
*SUP 1: $624.49/623.50/620.75 - 200-dma/ Uptrend support from Feb lows / Low Apr
*SUP 2: $598.50 - Low March 28
*SUP 3: $592.00/593.25 - Low Mar 8 / 38.2% retracement of Dec-April move
*SUP 4: $570.25 - 38.2% retracement of Dec-April move
Gasoil futures bounced strongly yesterday before giving back gains after failing
to overcome last week's high. The uptrend remains intact above the
200-dma/uptrend support/and Friday's low at $624.49/623.50/620.75. Below here
would open the March 28 low at $598.50. Bulls need to recover yesterday's high
at $642.25 to shift the focus back to the April 23 ytd high at $652.25.