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Free AccessICE GASOIL: (X18) Uptrend Set To..........>
OIL TECHS: ICE GASOIL: (X18) Uptrend Set To Continue
*RES 4: $850.00 - Channel top
*RES 3: $800.00 - Resistance
*RES 2: $785.00 - High November 24 2014
*RES 1: $750.00 - Measured move from the bull flag breakout
*PRICE: $715.00 @ 06:14 GMT
*SUP 1: $690.57 - 21-dma
*SUP 2: $673.50 - Low Sep 9
*SUP 3: $635.50 - Low Aug 15
*SUP 4: $628.50 - Low July
Nov-18 gasoil futures continue to look bullish after consolidating recent gains
above the $700 level. Bulls target the $750 area which marks the measured move
from the bull flag breakout, while bears need a break below the 21-dma to take
the pressure off. The larger bullish trend remains intact and a break below the
Sep 9 low is needed to shift the outlook neutral.
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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.