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OIL TECHS: ICE GASOIL (Z19): Choppy In A Broad Range
*RES 4: $602.75 - 50.0% retracement of Sep 16 - Oct 3 decline
*RES 3: $595.75 - High Oct 24 and Oct 28 and key resistance
*RES 2: $593.75 - High Nov 6
*RES 1: $592.00 - High Nov 15
*PRICE: $572.75 @ 07:20 GMT Nov 19
*SUP 1: $563.00 - Low Nov 13
*SUP 2: $559.75 - Low Oct 31 and key support
*SUP 3: $548.25 - Low Oct 3 and primary support
*SUP 4: $542.50 - Low Sep 3
GASOIL is unchanged and continues to trade in a choppy consolidative fashion.
Prices remain above $559.75, Oct 31 low. A break below this important support
would pave the way for a test of primary support at $548.25, Oct 3 low. While
the support holds, the outlook remains bullish and the focus is on the key
resistance at $595.75, Oct 24 and 28 high. Clearance of this hurdle would open
$602.75 as an initial objective.