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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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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
ICE GASOIL: (X18) 21-DMA Resistance.......>
OIL TECHS: ICE GASOIL: (X18) 21-DMA Resistance Intact
*RES 4: $830.00 - Channel top
*RES 3: $800.00 - Resistance
*RES 2: $753.50 - High Oct 3
*RES 1: $721.89 - 21-dma
*PRICE: $708.00 @ 05:52 GMT
*SUP 1: $697.95 - 55-dma
*SUP 2: $673.50 - Low Sep 9
*SUP 3: $646.47 - 200-dma
*SUP 4: $635.50 - Low Aug 15
Yesterday's gains in Nov-18 Gasoil futures fell short of the 21-dma, keeping the
short-term outlook neutral for now, but the broader bullish trend remains intact
above the $700 level. A break above the 21-dma at $721.89 is needed to reignite
upside momentum and target the Oct 3 highs. Bears need to break back below $700
and the 55-dma at $697.95 to suggest a reversal pattern is in play.
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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.