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Free AccessNYMEX RBOB (K19) Back On The Front Foot...>
OIL TECHS: NYMEX RBOB (K19) Back On The Front Foot
*RES 4: $2.3533 - High Oct 3
*RES 3: $2.2655 - Low Oct 8
*RES 2: $2.2075 - High Oct 16
*RES 1: $2.1489 - High Apr 22
*PRICE: $2.1352 @ 06:00 GMT Apr 25
*SUP 1: $1.9930 - Low April 16
*SUP 2: $1.9380/9216 - Uptrend support from Feb lows/Low April 5
*SUP 3: $1.9078 - 200-dma
*SUP 4: $1.8147/8136 - Low Mar 28/March 15
RBOB futures are back on the front foot and closing in on Monday's highs at
$2.14898. A break would open the Oct 16 high at $2.2075 ahead of the Oct 2018
highs. Bears need to take out the April 16 low at $1.9930 to build some downside
momentum and open uptrend support from the Feb lows. Below here would bring the
200-dma back into focus at $1.9078.
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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.