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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: PBOC Net Drains CNY216 Bln via OMO Monday
BRENT TECHS: (J19): Consolidating Gains *RES 4:.....>
BRENT TECHS: (J19): Consolidating Gains
*RES 4: $75.11 - Low Oct 24 (continuation chart)
*RES 3: $71.02 - 200-dma (continuation chart)
*RES 2: $70.30 - Low Aug 15(continuation chart)
*RES 1: $68.38 - High Nov 16 (continuation chart)
*PRICE: $67.25 @ 05:34 GMT Feb 21
*SUP 1: $63.63 - High Feb 4, now support
*SUP 2: $60.60 - Low Feb 7
*SUP 3: $58.90 - Low Jan 14 (continuation chart)
*SUP 4: $49.93 - Low Dec 26 (continuation chart)
Brent futures have broken out to fresh ytd highs and the focus now turns to the
Nov 16 high at $68.38. A break above here would target the Aug 15 low at $70.30
ahead of the 200-dma which crosses at $71.02. Bears need to break back below the
Feb 4 high at $63.63 which now acts as support, below here would open the Feb 7
low at $60.60 ahead of a return to the Jan 14 low at $58.90.
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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.