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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: (U18) Bulls Reaffirm Their....>
OIL TECHS: ICE GASOIL: (U18) Bulls Reaffirm Their Advantage
*RES 4: $785.00 - High November 24 2014
*RES 3: $750.00 - Measured move from the bull flag breakout
*RES 2: $698.75 - High May 22
*RES 1: $690.00 - High May 25
*PRICE: $689.75 @ 04:07 GMT
*SUP 1: $668.00 - Resistance now support
*SUP 2: $653.00 - Intraday low August 22
*SUP 3: $636.25 - Low August 15
*SUP 4: $627.00 - Low July 18
Gasoil's rise above the July 10 highs yesterday has added to the bullish picture
with the May highs now within touching distance. A break above $698.75 would
suggest a bull flag is in progress which would target a move to $750. Bears need
to recover the $668.00 level to shift the near-term outlook neutral, but the
solid base formed at the bear channel bottom suggests that any weakness above
here is 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.