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FED Reverse Repo Operation


Fed Path Unwinds Initial Dip Lower On Powell


Retreats From Resistance

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ICE GASOIL (V19): Looking for a deeper....>

OIL TECHS: ICE GASOIL (V19): Looking for a deeper retracement
*RES 4: $673.50 - High Sep 16 and key resistance
*RES 3: $650.00 - High Sep 17
*RES 2: $625.00 - Intraday high during the US session, Sep 17
*RES 1: $624.00 - High Sep 19
*PRICE: $618.75 @ 06:18 BST Sep 20
*SUP 1: $602.50 - Low Sep 18
*SUP 2: $587.50 - High Sep 12
*SUP 3: $580.00 - High Sep 13 and gap low
*SUP 4: $567.50 - Low Sep 12
GASOIL activity remains relatively quiet, in contrast to the volatile period
earlier this week. The contract is still expected to continue unwinding Monday's
risk related spike. $603.25, Sep 10 high was breached Wednesday filling an
initial gap in the chart. A deeper sell-off would open $580.00, Sep 13 high to
fill the entire gap in the chart left by Monday's sharp spike. On the upside,
initial resistance is at yesterday's $624.00 high.

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