Free Trial

ICE GASOIL (J19): Consolidating Trend.....>

OIL TECHS
OIL TECHS: ICE GASOIL (J19): Consolidating Trend
*RES 4: $653.25 - Low Nov 5 
*RES 3: $635.30 - 200-dma 
*RES 2: $629.31 - High Mar 1 
*RES 1: $618.50 - High Mar 12 
*PRICE: $612.00 @ 07:01 GMT Mar 15 
*SUP 1: $596.00 - Low Mar 8 
*SUP 2: $593.78 - 100-dma 
*SUP 3: $587.75 - High Feb 4 
*SUP 4: $553.25 - Low Jan 28 
Gasoil futures continue in narrow range trade with support and resistance levels
remaining in check. Bulls need to recover Tuesday's high at $618.50 to open a
run at the March 1 peak and the 200-dma at $635.30. Above here would suggest a
resumption of the broader bullish trend. To change the outlook bears look for a
close below Friday's low at $596.00 which would bring the 100-dma into view at
$593.78.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.