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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI POLITICAL RISK - Trump Announces Raft Of Key Nominations
BRIEF: EU-Mercosur Deal In Final Negotiations - EC
(H2) Trades Through Key Support
- RES 4: $487.35 - 1.764 proj of Aug 19 - Sep 13 - Sep 21 price swing
- RES 3: $477.70/83.40 - High Oct 18 / High May 10 and the bull trigger
- RES 2: $451.15/64.08 - High Nov 26 / 61.8% of Oct - Nov sell-off
- RES 1: $439.80 - High Dec 9
- PRICE: $431.25 @ 14:06 GMT Dec 16
- SUP 1: $411.95 - Low Dec 15
- SUP 2: $409.90 - Low Oct 6
- SUP 3: $404.00/401.30 - Low Sep 30 / Low Sep 21
- SUP 4: $397.05 - Low Aug 19
Copper futures traded lower yesterday and breached key short-term support at $420.00. The break reinforced a bearish threat however, this has been neutralised following the strong rebound today. Key support has been defined at $411.95, yesterday’s low and an extension higher would expose resistance at $439.80, the Dec 9 high. A break of this level would strengthen a bullish theme. Weakness below $411.95 is required to reinstate a bearish tone.
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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.