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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 US OPEN - Soft NFP Report Should Cement December Cut
MNI China Daily Summary: Friday, December 6
BRENT TECHS: (M19): Trend Of Higher Lows Intact......>
BRENT TECHS: (M19): Trend Of Higher Lows Intact
*RES 4: $75.36 - Low Oct 25
*RES 3: $73.85 - High Nov 5
*RES 2: $73.50 - Channel top
*RES 1: $71.77/78 - 61.8% retracement/High Apr 10
*PRICE: $71.00 @ 05:38 GMT Apr 12
*SUP 1: $69.05/68.87 - 200-dma/Low Apr 4
*SUP 2: $67.60 - Uptrend support from Feb lows
*SUP 3: $66.73/65.89 - 50-dma/Low March 28
*SUP 4: $64.02/63.81/63.63 - Low Mar 8/23.6% retracement/High Feb 4
Brent futures pulled back from its highs yesterday but has managed to so far
keep the trend of higher highs and higher lows intact. Bulls look to recover
Wednesday's high at $71.78 and the 61.8% retracement to open the channel top
which currently comes in at $73.50. Bears need a break below the 200-dma at
$69.05 and the April 4 low at $68.87 to stabilise the outlook and open a run at
uptrend support from the Feb lows at $67.50.
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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.