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ICE GASOIL: (Z18) Consolidating Before....>

OIL TECHS
OIL TECHS: ICE GASOIL: (Z18) Consolidating Before Another Down Move
*RES 4: $800.00 - Resistance 
*RES 3: $751.00 - High Oct 3 
*RES 2: $691.73 - 55-dma 
*RES 1: $649.12 - 200-dma 
*PRICE: $633.75 @ 05:58 GMT 
*SUP 1: $625.25 - Low Nov 14 
*SUP 2: $605.75 - High Jan 25, now support 
*SUP 3: $600.00 - Support 
*SUP 4: $551.75 - Low Mar 2 
Dec-18 Gasoil futures are trading in a tight range between the 200-dma on the
upside and the Nov 14 low on the downside. The broader bearish trend remains
intact suggesting a downside break is likely, below which the Jan 25 high at
$605.75 comes into play ahead of the ytd lows. A break above the 200-dma at
$649.12 would improve the outlook, opening the 55-dma at $691.73.

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