Free Trial

ICE GASOIL (K19): Bulls Target............>

OIL TECHS
OIL TECHS: ICE GASOIL (K19): Bulls Target Yesterday's Highs
*RES 4: $697.75 - High Oct 26, 2018 
*RES 3: $678.00 - Low Oct 25, 2018 
*RES 2: $672.75 - High Nov 8, 2018 
*RES 1: $651.00/50 - High Apr 11/Low Nov 6, 2018 
*PRICE: $646.50 @ 05:34 GMT Apr 23 
*SUP 1: $624.11 - 200-dma 
*SUP 2: $610.25/611.29 - Low April 4/55-dma 
*SUP 3: $596.25/593.25 - Low Mar 28/Low Mar 8 
*SUP 4: $587.25/585.02 - High Feb 4/100-dma 
Gasoil futures closed just below $650 yesterday despite taking out this level on
an intraday basis. Bulls look to take out yesterday's high and the Nov 6 low at
$651.00/50 to open the Nov 8 high at $672.75 ahead of the Oct 25 low at $678.00.
Bears need a close below the 200-dma at $624.11 to open the April 4 low/55-dma
at $610.25/611.29 ahead of the March 28/8 lows at $596.25/593.25.

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.