Free Trial

NYMEX RBOB: (F19) Testing Down............>

OIL TECHS
OIL TECHS: NYMEX RBOB: (F19) Testing Down Trendline Resistance
*RES 4: $1.9889 - High Oct 17 
*RES 3: $1.8415 - 200-dma 
*RES 2: $1.5995 - High Nov 16 
*RES 1: $1.4700 - Down trendline resistance 
*PRICE: $1.4667 @ 05:59 GMT 
*SUP 1: $1.4409 - High Nov 29 now Support 
*SUP 2: $1.3541 - Low Nov 30 
*SUP 3: $1.2986 - Low June 21, 2017 
*SUP 4: $1.0915 - Low Jan 19, 2016 
Jan-19 RBOB futures are recovering strongly with down trendline resistance under
threat. A break above here would target the Nov 16 high at $1.6104 ahead of a
recovery towards the 200-dma. The Nov 29 high now becomes support at $1.4409,
below which would suggest a retest of Friday's lows at $1.3541.

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.