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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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MNI INTERVIEW2: Poland To Push For EU Defence Fund
(F3) Still Appears Vulnerable
- RES 4: $92.53 - High Nov 7 and key resistance
- RES 3: $89.20/92.53 - High Nov 11 /
- RES 2: $83.92 - 50-day EMA
- RES 1: $81.97 - 20-day EMA
- PRICE: $80.24 @ 07:50 GMT Dec 1
- SUP 1: $73.38 - 1.00 proj of the Aug 30 - Sep 28 - Nov 7 price swing
- SUP 2: $70.00 - Round number support
- SUP 3: $68.86 - 1.236 proj of the Aug 30 - Sep 28 - Nov 7 price swing
- SUP 4: $66.04 - Low Dec 20 2021 (cont)
Trend conditions in WTI futures remain bearish and recent gains are still considered corrective. Monday’s move lower resulted in a break of the bear trigger at $74.96, Sep 28 low. This confirmed a resumption of the downtrend and has opened $73.38, a Fibonacci projection and the $70.00 psychological handle. Moving average studies are in a bear mode condition, highlighting the current trend direction. Initial resistance is at $81.97, the 20-day EMA.
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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.