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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 (Q20) Bullish Theme Still Intact
- RES 4: $418.25 - High Apr 2
- RES 3: $401.00 - High Mar 11
- RES 2: $400.00 - Psychological round number
- RES 1: $388.50 - High Jul 21 and the bull trigger
- PRICE: $373.25 @ 08:35 BST Jul 29
- SUP 1: $361.50 - Low Jul 20
- SUP 2: $358.75 - Low Jul 10 and key support
- SUP 3: $355.86 - 50-day EMA
- SUP 4: $340.25 - Low Jun 29
Gasoil futures traded higher last week breaching the former key
resistance at $375.75, Jul 6 high. The move through this hurdle confirmed
a resumption of the uptrend that has been in place since the reversal on
Apr 28. This sets the scene for an extension higher towards the $400.00
psychological level next. On the downside, initial firm support has been
defined at $361.50, Jul 20 low. Retracements are considered corrective.
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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.