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ICE GASOIL (Z19): Still Stuck In Its......>

OIL TECHS
OIL TECHS: ICE GASOIL (Z19): Still Stuck In Its Range
*RES 4: $611.00 - High Sep 19
*RES 3: $602.75 - 50.0% retracement of Sep 16 - Oct 3 decline
*RES 2: $596.00 - High Nov 6
*RES 1: $586.25 - High Dec 4
*PRICE: $579.75 @ 07:13 GMT Dec 5
*SUP 1: $565.50 - Low Dec 3
*SUP 2: $557.00 - Low Nov 20
*SUP 3: $548.25 - Low Oct 3 and primary support
*SUP 4: $542.50 - Sep 3 low
GASOIL is still trading in a choppy manner following the sell-off on Nov 29. The
pullback resulted in prices slipping back into the broad range that has been in
place for just over a month. For a bullish focus to return, prices need to
continue reclaiming territory lost on Nov 29 and move towards $590.00. The key
resistance is at $596.00, Nov 27 high where a break would confirm a bullish
range breakout. Sub $565.50 would expose $557.00.

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