Free Trial

ICE GASOIL:(Z18) Recovery Hits A Wall.....>

OIL TECHS
OIL TECHS: ICE GASOIL:(Z18) Recovery Hits A Wall
*RES 4: $830.00 - Channel top 
*RES 3: $800.00 - Resistance 
*RES 2: $751.00 - High Oct 3 
*RES 1: $697.12 - 55-dma 
*PRICE: $661.75 @ 05:59 GMT 
*SUP 1: $646.57 - 200-dma 
*SUP 2: $632.25 - Low Aug 15 
*SUP 3: $600.00 - Support 
*SUP 4: $538.00 - Low Feb 9 
Dec-18 Gasoil futures reached as high as $688.50 yesterday before renewed
selling pressure saw the contract fall to range lows. Bears continue to target
the 200-dma at $646.57 ahead of the Aug 15 low. Bulls need to recover the 55-dma
at $697.12 to re-establish the uptrend and open the Oct 3 highs.

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.