Free Trial

NYMEX RBOB: (U18) Friday False Break....>

NATURAL GAS
NATURAL GAS: NYMEX RBOB: (U18) Friday False Break Puts Focus Lower
The contract is at a crossroads as the uptrend from the July 17 low remains
intact but Friday saw a false break above bear channel resistance from the May
22 high. Friday's high of $2.1363 will be a key hurdle for the bulls and would
confirm a bullish break of the 2-month downtrend. Bears need a close below
$2.1000 to break the July uptrend and move the focus lower. 

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.