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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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Free AccessMNI China Daily Summary: Friday, December 6
E-MINI S&P (Z1): Monitoring The 50-Day EMA
- RES 4: 4591.25 1.00 proj of Jul 19 - Aug 16 - Aug 19 price swing
- RES 1: 4539.50 High Sep 3 and the bull trigger
- RES 3: 4519.75 High Sep 9
- RES 1: 4421.50/4472.00 High Oct 7 / High Sep 27
- PRICE: 4371.25 @ 07:05 BST Oct 14
- SUP 1: 4317.25/4260.00 Low Oct 12 / Low Oct 1 and the bear trigger
- SUP 2: 4243.50 Low Jul 20
- SUP 3: 4214.50 Low Jul 19 and a key support
- SUP 4: 4117.00 Low Jun 21
S&P E-minis has recovered but remains below recent highs. The contract has yet to confirm a clear break of the 50-day EMA. This highlights a bearish risk and attention is on the key support and bear trigger at 4260.00, Oct 1 low. A break of this support would confirm a resumption of the downtrend that started Sep 3. On the upside, a clear breach of the 50-day EMA - at 4385.86 today - is required to signal scope for a stronger bounce.
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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.