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ICE GASOIL (Q20) Trendline Support........>

OIL TECHS
OIL TECHS: ICE GASOIL (Q20) Trendline Support Under Pressure
*RES 4: $418.25 - High Apr 2
*RES 3: $401.00 - High Mar 11
*RES 2: $400.00 - Psychological round number
*RES 1: $375.75 - High Jul 6 and the bull trigger
*PRICE: $361.75 @ 07:00 BST Jul 14
*SUP 1: $358.75 - Low Jul 10
*SUP 2: $346.23 - 50-day EMA
*SUP 3: $340.25 - Low Jun 29 and key support
*SUP 4: $326.00 - Low Jun 15
Gasoil futures failed to push higher yesterday and are currently trading lower.
The move lower has resulted in price trading below the key trendline support
drawn off the May 13 low that intersects at $366.08 today. A clear breach of the
trendline would highlight a developing bearish threat and signal scope for a
deeper pullback towards $340.25, Jun 30 low. Key resistance and the bull trigger
remains $375.75, Jul 6 high.

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