MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

MNI: GERMANY IMPORT PRICE INDEX -0.4 % Y/Y, 0.0% M/M

MNI: SWEDEN MAY RETAIL SALES +0.8% Y/Y

MNI: UK Q1 GDP +0.7% Q/Q, +0.3% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

ICE GASOIL (U20): Still Trading Sideways

OIL TECHS


  • RES 4: $426.50 - High Apr 2
  • RES 3: $413.96 - 200-dma (cont)
  • RES 2: $400.00 - Psychological round number
  • RES 1: $391.75 - High Aug 5 and the bull trigger
  • PRICE: $372.75 @ 07:09 BST Aug 21
  • SUP 1: $367.52 - 50-day EMA
  • SUP 2: $358.84 - 3.0% Lower Bollinger Band
  • SUP 3: $351.50 - Low Jul 30 and a key reversal trigger
  • SUP 4: $345.25 - Low Jun 29

Gasoil futures traded lower yesterday but continue to essentially consolidate. Bullish conditions remain intact. Attention is on $391.75, Aug 5 high where a break would confirm a resumption of the uptrend and open $400.00 and $426.50 further out, the Apr 2 high. The core trend sequence of higher highs and higher lows remains intact, reinforcing underlying bullish conditions. Key near-term support is seen at $367.75, Aug 7 low.

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.