Free Trial

NYMEX RBOB (F19) Still Looking For......>

COMMODITIES
COMMODITIES: NYMEX RBOB (F19) Still Looking For $1.32
*RES 4: $1.9889 - High Oct 17
*RES 3: $1.9425 - 200-dma
*RES 2: $1.5995 - High Nov 16
*RES 1: $1.5177 - High Dec 7
*PRICE: $1.3160 @ 14:52 GMT Dec 28
*SUP 1: $1.2986 - Low June 21, 2017
*SUP 2: $1.2500 - Bear flag breakout target
*SUP 3: $1.2000 - Bear channel bottom
*SUP 4: $1.0915 - Low Jan 19, 2016
Jan-19 RBOB futures have turned doward just short of $1.33 and threaten to break
below YTD lows at 1.2488, keeping the attention on the June 2017 lows at
$1.2986. Below here opens bear flag breakout target at $1.2500 and the bear
channel bottom at $1.20. Bulls need to break above the Dec 7 high at $1.5177 to
return the focus to the upside and open the Nov 16 high at $1.5995.

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.