Free Trial
EURUSD TECHS

Clears Resistance

EUR

QUICK TECH

EURIBOR

EURIBOR FIX

POLAND

Wibor Rates

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 Access

(J1) Clears $60.00

BRENT TECHS
  • RES 4: $65.00 - Round number resistance
  • RES 3: $64.58 - High Jan 22, 2020 (cont)
  • RES 2: $62.46 - High Jan 24, 2020 (cont)
  • RES 1: $61.61 - 1.500 proj of the Apr - Aug - Nov 2020 price swing
  • PRICE: $61.18 @ 06:48 GMT Feb 9
  • SUP 1: $59.08 - Low Feb 5
  • SUP 2: $57.31 - High Jan 13 and former breakout level
  • SUP 3: $56.61 - 20-day EMA
  • SUP 4: $54.40 - Low Jan 22

Brent futures maintain a bullish tone following last week's gains and the confirmed resumption of the underlying uptrend following the breach of $57.31, Jan 13 high. The contract has this week cleared $60.00 and the clear break signals potential for a climb towards $61.61, a Fibonacci projection. On the downside initial firm support is seen at $57.31 with key trend support at $54.40, Jan 22 low.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.