Free Trial

ICE GASOIL: (U18) *RES 4: $698.75 -.......>

OIL TECHS
OIL TECHS: ICE GASOIL: (U18)
*RES 4: $698.75 - High May 22 
*RES 3: $681.50 - High July 7 
*RES 2: $668.50 - High July 27 
*RES 1: $666.25 - High August 7 
*PRICE: $653.75 @ 07:40GMT 
*SUP 1: $638.25 - Low August 2 
*SUP 2: $627.00 - Low July 18 
*SUP 3: $622.70 - Bear channel bottom
*SUP 4: $610.05 - 200-DMA 
Friday's rebound has remained below the 50-dma, keeping the pressure on the
downside in the near-term. On the downside, a close below the august 2 low at
$638.25 would give the bears the momentum and shift the focus to bear channel
support at 620.02. Bulls need a break above $666.25 to gain the upper hand.

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.