Free Trial

ICE GASOIL (M19): 200-DMA Gaining In......>

OIL TECHS
OIL TECHS: ICE GASOIL (M19): 200-DMA Gaining In Importance
*RES 4: $697.75 - High Oct 25, 2018 
*RES 3: $672.75 - High Nov 8, 2018 
*RES 2: $652.25 - High Apr 23 
*RES 1: $644.25 - High May 3 
*PRICE: $630.50 @ 05:47 GMT May 8 
*SUP 1: $623.99/623.50 - 200-dma/Low May 7
*SUP 2: $620.75 - Low April 26 
*SUP 3: $598.50 - Low March 28 
*SUP 4: $592.00/589.60 - Low Mar 8 / 38.2% retracement of Dec-April move 
Gasoil futures broke below Monday's lows yesterday but were unable to mount a
close below the 200-dma at $623.99. The bounce off the lows has been shallow
though keeping the focus on the downside. A break below the 200-dma/May 7 low at
$623.99/623.50 would open the April 26 just below it at $620.75. Bulls look to
recover Friday's high at $644.25 to open April 23 ytd high at $652.25.

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.