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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessICE GASOIL: (F18) Below 21-DMA to Ease....>
OIL TECHS: ICE GASOIL: (F18) Below 21-DMA to Ease Bullish Pressure
*RES 4: $588.60 - Daily Bull channel top
*RES 3: $575.94 - Bollinger band top
*RES 2: $572.00 - High Nov 8
*RES 1: $571.00 - High Nov 27
*PRICE: $567.00 @ 0430GMT
*SUP 1: $562.25 - Low Nov 27
*SUP 2: $559.75 - Low Nov 22
*SUP 3: $559.52 - 21-DMA
*SUP 4: $551.25 - Low Nov 15
*COMMENTARY: Bulls took comfort in support emerging on dips last week with bulls
currently focused on the break of $572.00 needed to target the daily bull
channel top. Layers of support building add to bullish confidence. Bears still
need a close below the 21-DMA to confirm an easing of bullish pressure and below
$551.25 to shift focus back to $534.63-538.00 where the 55-DMA ($533.57) & bull
channel base are situated.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.