Free Trial

(U18) 21-DMA Marks Resistance *RES 4:....>

OIL TECHS
OIL TECHS: (U18) 21-DMA Marks Resistance 
*RES 4: $667.00 - High July 31 
*RES 3: $660.50 - Low July 27 
*RES 2: $654.27 - 21-DMA 
*RES 1: $653.00 - High August 2 
*PRICE: $650.25 @ 0550GMT 
*SUP 1: $644.75 - Hourly Low August 2 
*SUP 2: $638.25 - Low August 2 
*SUP 3: $633.50 - Low July 19 
*SUP 4: $627.00 - Low July 18 
Yesterday's gains have shifted the price action to neutral from bearish with the
next level of resistance coming in at yesterday's high of $653.00 and the 21-DMA
thereafter. The next level of support comes in at $644.75, a break of which
would set up a run at yesterday's low at $638.25. 

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.