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ICE GASOIL (V19): Unwinding Monday's......>

OIL TECHS
OIL TECHS: ICE GASOIL (V19): Unwinding Monday's spike
*RES 4: $673.50 - High Sep 16 and key resistance
*RES 3: $662.00 - High Apr 23
*RES 2: $650.00 - High Sep 17
*RES 1: $625.00 - Intraday high during the US session, Sep 17
*PRICE: $612.75 @ 06:25 BST Sep 18
*SUP 1: $606.75 - Low Sep 16
*SUP 2: $603.25 - High Sep 10 and gap low
*SUP 3: $600.00 - High Sep 11
*SUP 4: $587.50 - High Sep 12
GASOIL pulled back sharply yesterday after a Reuters report that Saudi Arabian
oil output is to return to normal levels quicker than originally thought. With
the market unwinding Monday's risk related spike, the focus is on $603.25, Sep
10 high. A print of this level would fill and initial gap in the chart. A deeper
sell-off would open up $580.00, the Sep 13 high. On the upside, $625.00, an
intraday high during the US session yesterday is initial resistance.

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