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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.
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Free AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths
$1315.5 Next Support After 8 Week Bull...>
GOLD TECHS: $1315.5 Next Support After 8 Week Bull Channel Break
*RES 4: $1350.6 Apr 9 high
*RES 3: $1345.8 Apr 20 high
*RES 2: $1335.8 Apr 23 high
*RES 1: $1333.9 Base of broken 8 week bull channel
*PRICE: $1317.7 @0910GMT
*SUP 1: $1315.5 Hourly support
*SUP 2: $1307.3 Mar 20 low
*SUP 3: $1302.8 Mar 1 low
*SUP 4: $1286.1 61.8% Fibo of $1236.6-$1366.2
*COMMENTARY* Monday saw a break below the 8 week bull channel, at $1333.9 today,
following the failure to reclaim levels back above the year's $1366.2 high
earlier in the month. Further loss of the 61.8% Fibo retrace level at $1326.7,
opens the way for a continued $1317.6-$1315.5 fall. The former likely keeping us
away from a move back towards the year's $1302.2 low. In the meantime, that
$1333.9 and then Monday's $1335.8 high provide initial resistance.
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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.