Free Trial

Heading South




Breaches Key Short-Term Support


Late SOFR/Treasury Option Trade

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 (Q20): Bearish Concerns Remain
*RES 4: $1.3403 - 2.50 projection of Mar 23 - Apr 9 rally from Apr 22 low
*RES 3: $1.3253 - High Jun 23 and key resistance
*RES 2: $1.3048 - High Jun 24
*RES 1: $1.2254 - High Jun 30
*PRICE: $1.2210 @ 07:25 BST Jul 1
*SUP 1: $1.1156/28 - 50-day EMA / Low Jun 29
*SUP 2: $1.0916 - Low Jun 12 and the bear trigger
*SUP 3: $1.0582 - Low Jun 1
*SUP 4: $1.0000 - Psychological round number
RBOB futures stalled at $1.3253 on Jun 23. The sharp pullback marks a failure to
extend gains following the recent break of former key resistance at $1.2571, Jun
8 high. This highlights a bearish risk and attention is on key support at
$1.0916, Jun 12 low. A break of this level would highlight a more convincing
reversal. On the upside, clearance of $1.3253 is required to reverse the current
bearish threat.

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.