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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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Free AccessIndustrial Metals Leading, Energy Products Lagging
Oil futures are in minor negative territory ahead of US hours, although losses are modest, with OPEC+ headline risk still a key factor this week. WTI crude futures showed briefly below $44/bbl in Asia-Pac trade, new lows on the week.
Copper futures hold much of the recent rally, underpinning industrial metals and commodity-tied currencies this week. Copper futures sit just below the Tuesday multi-decade high of $352.15 and comfortably north of yesterday's lows.
Gold is higher for a second session, adding to yesterday's gains after securing a close back above the 200-dma. 1839.14 becomes first resistance ahead of the 1880.77 50-dma.
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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.