Free Trial

Bearish Threat Remains Present


WI 20Y Bond Re-Open


Mostly Downside In Euribor


JPMorgan: Expect 25bps, But Sees Risks of 50bps



Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
BRENT TECHS: (J20): Stalled At The 38.2% Retracement
*RES 4: $64.16 - 61.8% retracement of the Jan 8 - Feb 10 decline
*RES 3: $62.05 - 50% retracement of the Jan 8 - Feb 10 decline
*RES 2: $59.94/00 - 38.2% retracement / High Feb 20
*RES 1: $57.86 - Intraday high
*PRICE: $56.82 @ 08:29 GMT Feb 24
*SUP 1: $56.30 - Low Feb 18
*SUP 2: $54.96 - Low Feb 13
*SUP 3: $53.11 - Low Feb 10 and key support
*SUP 4: $50.87 - 123.6% retracement projection of the Oct 3 - Jan 8 rally
Brent stalled last week at $60.00 and has edged lower again so far today. The
failure at $60.00 also marks a failure at the 38.2% retracement of the Jan 8 -
Feb 10 decline at $59.94. For now, the move lower is being viewed as a
correction. The next support lies at $56.30, Feb 18 low. An ability to hold
above this level would resume attention of gains and the bull trigger at $60.00.
A break lower though would allow for a deeper pullback towards $55.00.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.