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Why MNI
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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 AccessICE GASOIL (N19): $550 Acts As Support ...>
OIL TECHS: ICE GASOIL (N19): $550 Acts As Support
*RES 4: $610.96 - 100-dma
*RES 3: $600.75 - Low May 24, now resistance
*RES 2: $591.00 - High May 31
*RES 1: $573.00 - High June 3
*PRICE: $558.50 @ 02:54 GMT Jun 5
*SUP 1: $549.50 - Low June 4
*SUP 2: $546.75 - Low Nov 30
*SUP 3: $532.27 - 74.6% retracement Dec-May rise
*SUP 4: $500.25 - Low Jan 2
Gasoil futures found support around the $550 level yesterday before recovering
losses to shift the near term focus to the upside. Bulls now need to clear
yesterday's high at $573.00 to improve the outlook while a break above Friday's
high at $591.00 would allow a challenge of the $600 area. Bears look for a close
below $550 to open the Nov 30 low at $546.75. Below here opens the 74.6%
retracement at $532.27.
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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.