MNI China Daily Summary: Monday, June 3

MNI BRIEF: Caixin May Manufacturing PMI Hits Over Two-year High

MNI: China CFETS Yuan Index Up 0.03% In Week of May 31

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1086 Mon; -1.90% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

Fall In Unit Profits Helps GDP Deflator Moderate In Q1

MNI: US APR CONSTRUCT SPENDING -0.1%

MNI: US ISM MAY MANUF PURCHASING MANAGERS INDEX 48.7

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

(F19) Fresh YTD Lows Hit *RES 4: $72.29...>

WTI TECHS
WTI TECHS: (F19) Fresh YTD Lows Hit
*RES 4: $72.29 - High Oct 17 
*RES 3: $64.48 - 200-dma 
*RES 2: $56.00 - Down trendline resistance 
*RES 1: $51.95 - 21-dma 
*PRICE: $48.85 @ 06:11 GMT Dec 18 
*SUP 1: $47.00 - Triangle breakout target 
*SUP 2: $45.58 - Low Aug 31, 2017 (continuation chart) 
*SUP 3: $42.05 - June 21, 2017 (continuation chart) 
*SUP 4: $39.26 - Aug 3, 2016 (continuation chart) 
WTI futures hit fresh ytd lows yesterday and continue to head lower today as the
triangle breakout target at $47.00 comes into focus. The bearish trend shows no
signs of easing and bulls would need to recover the 21-dma to materially improve
the outlook. above here would allow a challenge of down trendline resistance
from the highs which comes in at $56.
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.