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ICE GASOIL (U19): Bullish rally extends...>

OIL TECHS
OIL TECHS: ICE GASOIL (U19): Bullish rally extends
*RES 4: $611.00 - High Jul 12
*RES 3: $606.75 - High Jul 31
*RES 2: $601.00 - High Aug 1
*RES 1: $595.68 - Potential bull channel top drawn off the Aug 7 low
*PRICE: $592.00 @ 06:30 BST Sep 10
*SUP 1: $682.93 - Trendline support-now-resistance drawn off Jul 11 high
*SUP 2: $563.75 - Low Sep 6
*SUP 3: $554.75 - Low Sep 4
*SUP 4: $547.00 - Low Sep 3 and initial key support
GASOIL extended gains yesterday starting the week on a firm note. Price action
has cleared trendline resistance off the Jul 11 high and yesterday breached
588.00, Thursday's high to reinforce the bullish significance of the move
through trendline resistance. Scope is for a climb towards 601.00 and 606.75
next. Momentum and moving average studies are bullish reinforcing the current
positive outlook. Support lies at 682.93, the former trendline resistance.

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