Free Trial

Breaches Pivot Support


Mundane Session, Light Richening Seen


Strong Rally


Timeline of key events (Times BST)


Maintains A Firmer Tone


RBNZ Allows Space To Move Off Best Levels

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
OIL: Crude oil very much flat in Asia but again holding gains made on the
overnight when Crude  Oil reached levels last seen Mid April and Brent Crude oil
went to its highest level in two years. Crude oil was last at $54.01 and Brent
Crude oil was last at $60.80.
- The overnight gains came after speculation brewed OPEC will extend supply
curbs after the agreed March ending in order to rebalance the oil markets...
OPEC is scheduled to meet officially at its headquarters in Vienna, Austria, on
Nov. 30.
- MNI Technical Analysis sees support at $53.63 - Hourly support Oct 27 and
resistance at $54.23 - Hourly resistance Oct 30. Pressure returning to the
$53.11 resistance last week provided bulls hope and resulted in a break and
aggressive rally that reconfirms the bullish bias with focus on $55.02-27 where
the daily bull channel top and Apr highs are noted. Layers of support are
following the contract higher with bears still needing a close below $53.63 to
ease immediate bullish pressure and below $52.86 to shift focus back to the
21-DMA ($51.83).

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.