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ICE GASOIL (N19): $550 Acts As Support ...>

OIL TECHS
OIL TECHS: ICE GASOIL (N19): $550 Acts As Support 
*RES 4: $610.96 - 100-dma 
*RES 3: $600.75 - Low May 24, now resistance 
*RES 2: $591.00 - High May 31 
*RES 1: $573.00 - High June 3 
*PRICE: $558.50 @ 02:54 GMT Jun 5 
*SUP 1: $549.50 - Low June 4 
*SUP 2: $546.75 - Low Nov 30 
*SUP 3: $532.27 - 74.6% retracement Dec-May rise 
*SUP 4: $500.25 - Low Jan 2 
Gasoil futures found support around the $550 level yesterday before recovering
losses to shift the near term focus to the upside. Bulls now need to clear
yesterday's high at $573.00 to improve the outlook while a break above Friday's
high at $591.00 would allow a challenge of the $600 area. Bears look for a close
below $550 to open the Nov 30 low at $546.75. Below here opens the 74.6%
retracement at $532.27. 

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