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ICE GASOIL (N20) Focus Is On Trendline....>

OIL TECHS
OIL TECHS: ICE GASOIL (N20) Focus 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
*RES 1: $361.50 - High Jun 24
*PRICE: $341.50 @ 07:10 BST Jun 25
*SUP 1: $333.25 - Low Jun 16
*SUP 2: $325.32 - Trendline support drawn off the Apr 28 low
*SUP 3: $312.25 - Low Jun 12 and the bear trigger
*SUP 4: $301.50 - Low Jun 1
Gasoil futures stalled at Tuesday's high of $370.50. 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 turns to the key
trendline support drawn off Apr 28 low. The line intersects at $325.32. 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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