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ICE GASOIL (X19): Under Pressure *RES.....>

OIL TECHS
OIL TECHS: ICE GASOIL (X19): Under Pressure
*RES 4: $618.75 - High Sep 19
*RES 3: $610.63 - 50.0% retracement of Sep 16 - Oct 3 decline
*RES 2: $602.50 - High Oct 24 and bull trigger
*RES 1: $594.00 - High Oct 29
*PRICE: $578.75 @ 07:30 BST Oct 31
*SUP 1: $574.50 - Low Oct 30 and key intraday support
*SUP 2: $572.75 - Low Oct 15 and key support
*SUP 3: $569.50 - Low Oct 8
*SUP 4: $554.50 - Low Oct 3 and primary support
Recent GASOIL gains stalled at $602.50, Oct 24 high. The move lower this week
continues to extend with the focus now on support at $572.75, Oct 15 low and the
next key level. A breach would further reinforce bearish conditions and pave the
way for move towards primary support at $554.50, Oct 3 low. On the upside, a
break above last weeks high of $602.50 is needed to reinstate a bullish theme.

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