Free Trial
JGB TECHS

(H3) Extends Bounce Off Lows

USDCAD TECHS

Pierces The 50-Day EMA

US TSYS

Risk Buoyed Ahead Fed Blackout

NEW ZEALAND

Chris Hipkins Named To Succeed Jacinda Ardern As PM

AUDUSD TECHS

Remains Above Support At The 20-Day EMA

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

ICE GASOIL (F20): Bulls Hold On *RES 4:...>

OIL TECHS
OIL TECHS: ICE GASOIL (F20): Bulls Hold On
*RES 4: $630.25 - 1.50 projection of Oct 3 - Oct 28 rally from Nov 20 low
*RES 3: $624.42 - 76.4% retracement of Sep 16 - Oct 3 decline
*RES 2: $617.31 - 1.236 projection of Oct 3 - Oct 28 rally from Nov 20 low
*RES 1: $615.00 - High Dec 17
*PRICE: $610.75 @ 06:59 GMT Dec 19
*SUP 1: $596.25 - High Dec 6
*SUP 2: $591.25 - Low Dec 13
*SUP 3: $577.75 - Low Dec 11 and a key support
*SUP 4: $565.00 - Low Dec 3
GASOIL maintains a bullish tone and is holding onto most of its recent gains.
The recent break of key resistance at the Nov 27 high of $595.50 confirmed a
range breakout and sets the scene for a continued extension of the recovery that
started off the October 3 low of $543.25. Futures have cleared $596.38 and
$608.91, the 50% and 61.8% retracements of the Sep 16 to Oct 3 decline. This has
opened the $624.42, 76.4% retracement. Support lies at $596.25, Dec 6 high.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.