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About Us
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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.
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 AccessMNI: BOJ Tankan: Key Sentiment Rises, Solid Capex Plans
MNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
(G4) Bearish Outlook
- RES 4: $91.04 - High Oct 20
- RES 3: $88.55 - High Oct 27
- RES 2: $87.12 - High Nov 3
- RES 1: $83.62 - High Nov 14 and key short-term resistance
- PRICE: $81.62 @ 06:53 GMT Nov 29
- SUP 1: $76.71 - Low Nov 16
- SUP 2: $75.07 - 76.4% retracement of the May 4 - Sep 15 bull run
- SUP 3: $73.50 - Low Jul 6
- SUP 4: $71.45 - Low Jun 23
A bearish theme in Brent futures remains intact and recent gains still appear to have been a correction. Moving average studies are in a bear-mode position, highlighting a downtrend and price remains below both the 20- and 50-day EMAs. The focus is on $76.71 next, a Fibonacci retracement. A break of this level would strengthen the bearish threat. The bear trigger is $76.60, the Nov 8 low. Key short-term resistance is at $83.97, the Nov 14 high.
To read the full story
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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.