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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: 4329.67 3.0% 10-dma envelope
- RES 3: 4300.00 Round Number Resistance
- RES 2: 4264.41 1.618 proj of Mar 25 - May 10 - 13 price swing
- RES 1: 4239.50 High Jun 10
- PRICE: 4231.50 @ 06:57 BST Jun 11
- SUP 1: 4155.50 Low Jun 3
- SUP 2: 4123.10/4046.00 50-day EMA / Low May 19
- SUP 3: 4020.20 Low May 13 and key short-term support
- SUP 4: 4005.50 Low Apr 5
S&P E-minis traded higher yesterday and price moved above the contracts former high of 4228.25 on May 10. The break confirms a resumption of the broader uptrend and signals potential for a fresh round of gains with the next objective at 4264.41, a Fibonacci projection. Further out, the break higher also opens 4300.00 next. Initial firm support is at 4155.00, Jun 3 low. The broader medium-term trend support is at 4020.00, May 13 low.
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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