MNI BRIEF: China Extends U.S. Import Tariff Exemption List

MNI: GERMANY OCT RETAIL SALES -1.5% M/M

MNI: GERMANY OCT EXPORT PRICE INDEX 0.3% M/M, 0.6% Y/Y

MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI: SWISS Q3 GDP +0.4% Q/Q, +2% Y/Y

MNI: SWISS KOF NOV ECONOMIC BAROMETER 101.8

MNI: FRANCE GDP Q3 2ND EST +0.4% Q/Q

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ICE GASOIL (U20): Focus Is On The Key Support

OIL TECHS
  • RES 4: $412.84 - 200-dma (cont)
  • RES 3: $400.00 - Psychological round number
  • RES 2: $391.75 - High Aug 5 and the bull trigger
  • RES 1: $382.25 - High Aug 18
  • PRICE: $367.00 @ 07:38 BST Aug 24
  • SUP 1: $357.50 - Low Aug 21
  • SUP 2: $351.50 - Low Jul 30 and a key reversal trigger
  • SUP 3: $345.25 - Low Jun 29
  • SUP 4: $332.25 - Low Jun 15

Gasoil futures traded sharply lower Friday extending last week's bearish pressure. The move lower Friday does highlight a potential developing bearish risk and attention turns to the key support at $351.50, Jul 30 low. A break here would confirm a top and pave the way for a deeper correction opening $345.25, Jun 29 low. On the upside, initial firm resistance is seen at $382.25, Aug 11 high.

Energy BulletsCommodities
Energy BulletsCommodities

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.