DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NYMEX RBOB (X20): Stalls Ahead Of Key Resistance

OIL TECHS
  • RES 4: $1.3000 - Round number resistance
  • RES 3: $1.2462 - High Aug 25 and the bull trigger
  • RES 2: $1.2352 - High Sep 27
  • RES 1: $1.2186 - High Sep 28
  • PRICE: $1.1479 @ 07:38 BST Sep 30
  • SUP 1: $1.1317 - Low Sep 22 and the near-term bear trigger
  • SUP 2: $1.1125 - Low Sep 16
  • SUP 3: $1.0660 - Low Sep 11 and the bear trigger
  • SUP 4: $1.0501 - Low Jul 30

RBOB found resistance yesterday and sold off sharply. The pullback highlights a bearish threat once again and attention turns to support at $1.1317, Sep 22 low. A break of this level would set the scene for a deeper pullback, paving the way for weakness towards major support at $1.0660, the Sep 11 low. This is also the bear trigger. On the upside, initial resistance is at $1.2186, Monday's high. Key resistance is at $1.2462, Aug 25 high.

Energy BulletsCommodities
Energy BulletsCommodities

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.