MNI BRIEF: US Treasuries Seen Increasingly Risky-JH Paper

MNI: FED’S POWELL: TIME HAS COME FOR POLICY TO ADJUST

MNI China Daily Summary: Friday, Aug 23

MNI: PBOC Net Injects CNY241.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Fri; +2.17% Y/Y

CHINA PBOC CONDUCTS CNY379.3 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: US JUL NEW HOME SALES +10.6% TO 0.739M SAAR

EZ/UK Bond Supply Calendar: EFSF RfP Sent, EU-Bonds Due Monday

MNI: CANADIAN JUN RETAIL SALES -0.3%; SALES EX-AUTOS/PARTS +0.3%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

E-MINI S&P TECHS: (H4) Trading Closer To Its Recent Highs

EQUITY TECHS
  • RES 4: 4899.09 1.382 proj of Nov 10 - Dec 1 - 7 price swing (cont)
  • RES 3: 4862.08 1.236 proj of Nov 10 - Dec 1 - 7 price swing (cont)
  • RES 2: 4808.25 High Jan 4 2022 and major resistance
  • RES 1: 4800.00 Round number resistance
  • PRICE: 4780.50 @ 14:12 GMT Dec 18
  • SUP 1: 4696.75 Low Dec 13
  • SUP 2: 4632.25 20-day EMA
  • SUP 3: 4594.00 Low Nov 30
  • SUP 4: 4548.59 50-day EMA

A bullish theme in S&P e-minis remains intact and the contract is trading closer to its recent highs. The rally last week confirmed a resumption of the uptrend that started Oct 27. Note too that the contract has cleared resistance at 4738.50, the Jul 27 high, reinforcing current positive trend conditions. This signals scope for a climb towards 4800.00 next. On the downside, initial firm support lies at 4645.17, the 20-day EMA.

Energy BulletsCommodities
Energy BulletsCommodities

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.