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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 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
(H20) Downside Focus *RES 4: $58.38 -.....>
WTI TECHS: (H20) Downside Focus
*RES 4: $58.38 - High Jan 22
*RES 3: $57.42 - Low Jan 15 and former breakout level
*RES 2: $55.95 - High Jan 24
*RES 1: $54.37 - High Jan 29
*PRICE: $52.83 @ 06:30 GMT Jan 30
*SUP 1: $52.13 - Low Jan 27
*SUP 2: $51.09 - Low Oct 10
*SUP 3: $50.18 - Low Oct 3 and key support
*SUP 4: $50.08 - Low Aug 7 and major support
WTI stalled at yesterday's high of $54.37 with the focus back on the $52.13 low
of Jan 27. From a technical standpoint, the recent recovery was viewed as a
correction. Recent sharp losses are still seen weighing on sentiment with
bearish technical conditions remaining in place. Attention is on $51.09 next,
the Oct 10 low ahead of $50.18, the Oct 3 low and key support. $54.37 marks
resistance.
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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.