Free Trial

ICE GASOIL: (F19)Giving Back Gains *RES...>

OIL TECHS
OIL TECHS: ICE GASOIL: (F19)Giving Back Gains
*RES 4: $751.00 - High Oct 3 
*RES 3: $700.00 - Resistance 
*RES 2: $647.73 - 200-dma 
*RES 1: $588.75 - High Dec 4 
*PRICE: $580.25.00 @ 05:55 GMT 
*SUP 1: $543.75 - Low Nov 30 
*SUP 2: $538.00 - Feb 14 
*SUP 3: $460.00 - Up trendline support from 2016 lows 
*SUP 4: $435.25 - Low Jun 21, 2017 
Jan-19 Gasoil futures have lost momentum returning the focus to the downside.
Bears need to take out last Friday's low at $543.75 to open ytd lows at $538. On
the upside, initial resistance comes in at yesterday's high of $588.75, above
here would open a return to the 200-dma at $647.73. 

To read the full story

Close

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.