Free Trial

BOJ's Ueda To Wait And Watch As 10-Yr Yield Sinks


*CORRECT* Rinban Tweaks Seen

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(F3) Support Remains Exposed

  • RES 4: $105.58 - 76.4% retracement of the Jun 8 - Sep 26 bear leg
  • RES 3: $102.28 - High Jul 5
  • RES 2: $100.10 - High Jul 29
  • RES 1: $99.56 - High Nov 7 and the bull trigger
  • PRICE: $95.59 @ 06:52 GMT Nov 14
  • SUP 1: $91.73 - Low Nov 10 and a key support
  • SUP 2: $87.52 - Low Oct 18 and bear trigger
  • SUP 3: $83.38 - Low Sep 30
  • SUP 4: $80.94 - Low Sep 26 and key medium-term support

A strong sell-off early last week in Brent futures, threatens the recent bullish theme, suggesting scope for an extension lower. A bearish engulfing pattern (Nov 8) and last Wednesday’s bearish follow through resulted in a test of the 50-day EMA, at 92.67. A clear break of this EMA would open the $90.00 handle and $87.52, the Oct 18 low. On the upside, key short-term resistance has been defined at $99.56, the Nov 7 high. A break would be bullish.

To read the full story

Why Subscribe to


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.