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ICE GASOIL (N20) Attention Is On..........>

OIL TECHS
OIL TECHS: ICE GASOIL (N20) Attention Is On Trendline Support
*RES 4: $409.50 - High Apr 2 and key resistance
*RES 3: $400.00 - Psychological round number
*RES 2: $370.50 - High Jun 23 and the bull trigger
*RES 1: $361.50 - High Jun 24
*PRICE: $348.50 @ 07:07 BST Jun 30
*SUP 1: $332.34 - Trendline support drawn off the Apr 28 low
*SUP 2: $319.75 - Low Jun 15
*SUP 3: $312.25 - Low Jun 12 and the bear trigger
*SUP 4: $301.50 - Low Jun 1
Gasoil futures stalled last week at $370.50, Jun 23 high. The sharp pullback
marks a failure to extend gains following the recent break of former key
resistance at $354.75, Jun 8 high. The outlook is bearish and attention is on
the key trendline support drawn off Apr 28 low. The line intersects at $332.34.
A break would highlight a reversal. On the upside, clearance of $370.50 is
required to ease the developing bearish threat.

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