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ICE GASOIL (V19): Softer *RES 4:..........>

OIL TECHS
OIL TECHS: ICE GASOIL (V19): Softer
*RES 4: $608.00 - High Jul 31
*RES 3: $603.25 - High Sep 10 and key resistance
*RES 2: $598.33 - Bull channel top drawn off the Aug 7 low
*RES 1: $587.50 - High Sep 12
*PRICE: $577.50 @ 06:11 BST Sep 13
*SUP 1: $565.50 - Low Sep 6
*SUP 2: $554.25 - Low Sep 4
*SUP 3: $553.41 - Bear channel base drawn off the Aug 7 low
*SUP 4: $548.25 - Low Sep 3 and initial key support
GASOIL sold-off yesterday weakening within the bull channel drawn off the Aug 7
low. This follows a failure earlier this week at the channel top. $565.50, Sep 6
low marks an important intraday support. A break would trigger fresh weakness
and expose the $553.41 channel base. A channel breakout would reinforce a
broader bearish theme. On the upside, Tuesday's high of $603.25 marks key
resistance. Clearance here is needed to reinstate a bullish outlook.

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