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FED Reverse Repo Operation


Fed Path Unwinds Initial Dip Lower On Powell


Retreats From Resistance

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ICE GASOIL (V19): Continued unwinding.....>

OIL TECHS: ICE GASOIL (V19): Continued unwinding likely
*RES 4: $673.50 - High Sep 16 and key resistance
*RES 3: $650.00 - High Sep 17
*RES 2: $625.00 - Intraday high during the US session, Sep 17
*RES 1: $617.25 - High Sep 18
*PRICE: $608.25 @ 06:33 BST Sep 19
*SUP 1: $602.50 - Low Sep 18
*SUP 2: $587.50 - High Sep 12
*SUP 3: $580.00 - High Sep 13 and gap low
*SUP 4: $567.50 - Low Sep 12
GASOIL activity is quieter, in contrast to the volatile period earlier this
week. The contract is expected to continue unwinding Monday's risk related
spike. $603.25, Sep 10 high was breached yesterday and this fills and initial
gap in the chart. A deeper sell-off would open $580.00, Sep 13 high to fill the
entire gap in the chart left by Monday's spike. On the upside, initial
resistance is at yesterday's $617.25 high.

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