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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.
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Free AccessMNI: Canadian Oct Retail Sales Rise For Fourth Straight Month
MNI POLITICAL RISK - Trump Cabinet Hits First Roadblock
ICE GASOIL (J19): March 8 Lows In Focus...>
OIL TECHS: ICE GASOIL (J19): March 8 Lows In Focus
*RES 4: $653.25 - Low Nov 5
*RES 3: $628.84/629.31 - 200-dma/March 1
*RES 2: $623.25 - High Mar 7
*RES 1: $615.50 - High Mar 15
*PRICE: $606.25 @ 05:39 GMT Mar 18
*SUP 1: $602.00 - Low Mar 15
*SUP 2: $596.00 - Low Mar 8
*SUP 3: $587.75/56 - High Feb 4/100-dma
*SUP 4: $553.25 - Low Jan 28
Gasoil futures saw some downside momentum on Friday which shifts the near term
focus to the $602.00 level and the March 8 low at $596.00. A break below here
would shift the outlook negative and suggest a move to the Feb 4 high and the
100-dma. Bulls need to recover Friday's high at $615.50 to open a run at the
200-dma and March 1 high at $628.84/629.31. Above here would suggest a
resumption of the broader bullish trend.
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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.