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Free AccessNYMEX RBOB (G19) Above Jan 4 Highs........>
OIL TECHS: NYMEX RBOB (G19) Above Jan 4 Highs Would Be Bullish
*RES 3: $1.8049 - 200-dma
*RES 2: $1.5177 - High Dec 7
*RES 1: $1.3981 - High Jan 4
*PRICE: $1.3835 @ 05:54 GMT Jan 9
*SUP 1: $1.2450 - Dec 26 low
*SUP 2: $1.2000 - Bear channel bottom
*SUP 3: $1.0915 - Low Jan 19, 2016
RBOB futures continue to target the Jan 4 highs at $1.3981 to build on recent
momentum. Above here would mark a strong bullish break opening the Dec 7 high at
1.5177. Below 1.3000 returns downside focus, bringing the Dec 26 low at 1.2450
back into view.
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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.