Free Trial

Late Equity Roundup: Mildly Lower on Week


Remains Above The 50-Day EMA

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
OIL TECHS: NYMEX RBOB (M20): Pullback Considered Corrective
*RES 4: $1.0239 - 1.618 projection of Mar 23 - Apr 9 rally from Apr 22 low
*RES 3: $1.0000 - Psychological round number
*RES 2: $0.9820 - High May 11
*RES 1: $0.9090 - High May 13
*PRICE: $0.8477 @ 07:22 BST May 14
*SUP 1: $0.8272 - High Apr 9 and former breakout level
*SUP 2: $0.7408 - Low May 4
*SUP 3: $0.7119 - Low Apr 29
*SUP 4: $0.6519 - Low Apr 24
RBOB futures maintain a bullish tone despite this week's pullback. Last week the
contract traded through key resistance at $0.8272, Apr 9 high. The break higher
confirmed a short-term reversal and at the very least signals scope for a
stronger correction. Attention is on a climb towards the psychological $1.000
level. On the downside, $0.8272, the former breakout level is firm support.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.