Free Trial

ICE GASOIL (H19): Uptrend Intact *RES.....>

OIL TECHS
OIL TECHS: ICE GASOIL (H19): Uptrend Intact
*RES 4: $700.00 - Resistance 
*RES 3: $668.00 - Low Nov 5 
*RES 2: $637.07 - 200-dma 
*RES 1: $633.25 - High Mar 1 
*PRICE: $622.75 @ 05:38 GMT Mar 7 
*SUP 1: $609.50 - Low Mar 1 
*SUP 2: $608.93/$604.25 - 21-dma/Feb 26 low 
*SUP 3: $590.75 - High Feb 4 
*SUP 4: $552.50 - Low Jan 28 
Gasoil futures continue to trade within Friday's trading range within the
broader positive trend with bulls looking for a break above $633.25 to bring the
200-dma at $637.07 back into play. Above here would suggest a resumption of the
broader bull market towards the Nov 5 low at $668.00. To change the outlook
bears target Friday's low at $609.50, below which would open the 21-dma which
comes in at $608.93.

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.