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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 Eurozone Inflation Preview - November 2024
MNI POLITICAL RISK - Trump Initiates Tariff Negotiations
BRENT TECHS: (F19) Cycle Lows Holding For Now *RES...>
BRENT TECHS: (F19) Cycle Lows Holding For Now
*RES 4: $86.74 - High Oct 4
*RES 3: $80.00 - Resistance
*RES 2: $76.91 - 55-dma
*RES 1: $72.71 - 200-dma
*PRICE: $66.44 @ 05:55GMT
*SUP 1: $64.61 - Low Nov 13
*SUP 2: $63.17 - 61.8% retracement Jun 2017 low - Oct 2018 high
*SUP 3: $59.45 - Low Feb 14
*SUP 4: $55.00 - Support Jan-18
Brent futures continue to hold above their Nov 13 lows at $64.61 with bears
failing to retest this level yesterday despite some intraday weakness. That
said, recovery efforts have lacked impulse keeping the focus lower. A close
below $64.61 would open the 61.8% fibo from the June 2017 low to the Oct 2018
high, ahead of a return to the ytd lows at $59.45 seen on Feb 14. Bulls need to
reclaim the 200-dma at $72.71 to suggest a bullish reversal is taking shape.
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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.