Free Trial
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.
COMMODITIES
- Oil prices are up strongly again with a combination of signs of demand rising and continued Russia-Ukraine tensions, exacerbated by Putin’s decision to recognise the separatist states.
- WTI is +3.2% at $93.95 as it moves back towards short-term support of $95.82 (Feb 14 high) whilst support is materially lower at $88.41 (Feb 9 low and key short-term).
- Brent is +2.9% at $96.22 having touched $96.75, very close to the bull trigger of $96.78 (Feb 14 high) after which it could open $97.36 (2.618 proj of the Dec 2-9-20 price swing).
- The most active strikes in the Apr22 contract have been in $100/bbl calls, $98/bbl calls and $90/bbl puts.
- Gold is once again supported, up 0.3% at $1904.2 but down from the earlier intraday high of $1908.3, and next eyes key resistance of $1916.6 (Jun 1, 2021 high)
Brent 1st FutureSource: Bloomberg
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok