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ICE GASOIL (N19): Bears Keep the..........>

OIL TECHS
OIL TECHS: ICE GASOIL (N19): Bears Keep the Pressure On
*RES 4: $610.93 - 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: $558.25 @ 03:06 GMT Jun 4 
*SUP 1: $554.00 - Low June 3 
*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 remain under pressure with the bounce off yesterday's low at
$554.00 lacking bite. Bears look to break below this level to open the Nov 30
low at $546.75. Below here opens the 74.6% retracement at $532.27. Bulls need to
clear yesterday's high$573.00 to stabilise while a break above Friday's high at
$591.00 would allow a challenge of the $600 area.

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