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FED Reverse Repo Operation


Fed Path Unwinds Initial Dip Lower On Powell


Retreats From Resistance

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ICE GASOIL (G19) Recovery Extends *RES....>

OIL TECHS: ICE GASOIL (G19) Recovery Extends
*RES 4: $700.00 - Resistance 
*RES 3: $642.28 - 200-dma 
*RES 2: $588.25 - High Dec 7 
*RES 1: $585.04 - 38.2% Retracement of decline from $748.50 
*PRICE: $555.25 @ 05:43 GMT Jan 9 
*SUP 1: $533.07 - 21-dma 
*SUP 2: $483.25 - Dec 26 low 
*SUP 3: $460.00 - Up trendline support from 2016 lows 
*SUP 4: $441.50 - Low July 23 2016 
The $550.00 pivot level has been overcome today shifting the focus towards the
38.2% retracement level at $585.04 ahead of the Dec 7 high at $588.25. The
21-dma has turned from resistance to support as bears look to break below to
target the Dec 26 lows at $483.25. Below herew opens up trendline support from
the 2016 lows.

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