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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.
EQUITY TECHS
- RES 4: 4415.48 1.00 proj of Mar 25 - May 10 - 13 price swing
- RES 3: 4400.00 Round number resistance
- RES 2: 4384.50 High Jul 14 and the bull trigger
- RES 1: 4368 High Jul 16
- PRICE: 4339.75 @ 15:09 BST Jul 21
- SUP 1: 4224.00 Low Jul 19
- SUP 2: 4187.58 61.8% retracement of the Jun 21 - Jul 14 rally
- SUP 3: 4126.75 Low Jun 21
- SUP 4: 4046.00 Low May 19
S&P E-minis started the week on a softer note but found support at Monday's low. Recent weakness resulted in a break of 4279.25, Jul 8 low. This highlights a short-term trend top and suggests scope for a deeper corrective pullback. Note though that the contact has this week tested the 50-day EMA at 4239.07 and the average has so far provided support. If the average holds and price remains above 4224.00, this would represent a bullish signal.
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.
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