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ICE GASOIL (N19): $603.25 the trigger.....>

OIL TECHS
OIL TECHS: ICE GASOIL (N19): $603.25 the trigger for more upside
*RES 4: $631.68 - 76.4% retracement of the May 16-Jun 5 low
*RES 3: $625.25 - High May 28
*RES 2: $613.54 - 61.8% retracement of the May 16-Jun 5 low
*RES 1: $603.25 - High Jun 26 and intraday bull trigger
*PRICE: $593.75 @ 07:11 BST Jun 28
*SUP 1: $576.75 - Low Jun 21
*SUP 2: $568.25 - High Jun 10 and key support
*SUP 3: $557.00 - Low Jun 19
*SUP 4: $544.75 - Low Jun 12
The bullish outlook remains intact following this week's extension higher. The
rally that followed the break of former resistance at 568.25 appears set to
extend. Momentum conditions are in bull mode, the 14-day RSI is still pointing
north. The 50% retracement of the May 16-Jun 5 decline at 598.88 has been
achieved. Attention turns to the 61.8% level at 613.54. Initial key support is
at 568.25, the former breakout level. Ahead of here, support lies at 576.75.
Energy BulletsCommodities
Energy BulletsCommodities

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