MNI: FED'S BARKIN STILL CONFIDENT UNDERLYING INFLATION FALLING

MNI China Daily Summary: Friday, January 3

MNI China Press Digest Jan 3:RRR Cut Mooted, Yuan, Consumption

MNI BRIEF: Beijing Boosts Consumer Trade-ins To Cellphones

MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

US EIA:NAT GAS STORAGE -116 BCF TO 3,413 BCF JAN 03 WK

MNI: US ISM DEC MANUF PURCHASING MANAGERS INDEX 49.3

MNI: UK NOV M4 MONEY SUPPLY +0% M/M, +2.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EQUITY TECHS: E-MINI S&P: (H5) Support Remains Exposed

EQUITY TECHS
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • RES 4: 6194.19 1.236 proj of the Aug 5 - Sep 3 - Sep 9 price swing    
  • RES 3: 6178.75 High Dec 6 and key resistance   
  • RES 2: 6163.75 High Dec 16  
  • RES 1: 6107.50 High Dec 26         
  • PRICE: 6008.25 @ 07:24 GMT Dec 30
  • SUP 1: 5965.00/5866.00 Low Dec 23 / 20       
  • SUP 2: 5811.65 38.2% retracement of the Aug 5 - Dec 6 bull leg  
  • SUP 3: 5784.00 Low Nov 4 
  • SUP 4: 5698.25 50.0% retracement of the Aug 5 - Dec 6 bull leg

A bear threat in the S&P E-Minis contract remains present and Friday’s move lower  highlights the end of the recent Dec 20 - 26 corrective bounce. An extension lower would expose 5866.00, the Dec 20 low and a key short-term support. Clearance of this level would strengthen a bearish theme. Initial firm resistance to monitor is 6107.50, the Dec 26 high. A break of this level is required to expose key resistance at 6178.75, the Dec 6 high.

163 words

To read the full story

Close

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.
  • RES 4: 6194.19 1.236 proj of the Aug 5 - Sep 3 - Sep 9 price swing    
  • RES 3: 6178.75 High Dec 6 and key resistance   
  • RES 2: 6163.75 High Dec 16  
  • RES 1: 6107.50 High Dec 26         
  • PRICE: 6008.25 @ 07:24 GMT Dec 30
  • SUP 1: 5965.00/5866.00 Low Dec 23 / 20       
  • SUP 2: 5811.65 38.2% retracement of the Aug 5 - Dec 6 bull leg  
  • SUP 3: 5784.00 Low Nov 4 
  • SUP 4: 5698.25 50.0% retracement of the Aug 5 - Dec 6 bull leg

A bear threat in the S&P E-Minis contract remains present and Friday’s move lower  highlights the end of the recent Dec 20 - 26 corrective bounce. An extension lower would expose 5866.00, the Dec 20 low and a key short-term support. Clearance of this level would strengthen a bearish theme. Initial firm resistance to monitor is 6107.50, the Dec 26 high. A break of this level is required to expose key resistance at 6178.75, the Dec 6 high.