Free Trial

ICE GASOIL (H19): New Highs On The........>

OIL TECHS
OIL TECHS: ICE GASOIL (H19): New Highs On The Cards
*RES 4: $700.00 - Resistance 
*RES 3: $668.00 - Low Nov 5 (continuation chart) 
*RES 2: $640.60 - 200-dma (continuation chart) 
*RES 1: $622.50 - High Feb 18
*PRICE: $619.00 @ 05:39 GMT Feb 21
*SUP 1: $587.60 - 21-dma (continuation chart) 
*SUP 2: $552.50 - Jan 28 Low 
*SUP 3: $483.25 - Dec 26 low (continuation chart) 
*SUP 4: $402.50 - Low July 21 2016 (continuation chart) 
Gasoil futures are back on the front foot after their recent pullback with
Monday's high at $622.50 in sight. A break above here would bring the 200-dma
back into view currently at $640.60. Bears need a break below the 21-dma to
stabilise the outlook while a break the Jan 28 low at $552.50 is needed to
suggest a bearish reversal.

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.