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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 AccessMNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
(K20) Bearish Threat Resumes *RES 4:......>
WTI TECHS: (K20) Bearish Threat Resumes
*RES 4: $29.13 - High Apr 3 and bull trigger
*RES 3: $28.36 - High Apr 9
*RES 2: $24.74 - High Apr 13
*RES 1: $23.08 - High Apr 14
*PRICE: $19.86 @ 06:43 BST Apr 16
*SUP 1: $19.20 - Low Apr 15
*SUP 2: $19.00 - Round number support
*SUP 3: $18.12 2.50 projection of Jan 8 - Feb 4 sell-off from Feb 20 high
*SUP 4: $16.39 2.618 projection of Jan 8 - Feb 4 sell-off from Feb 20 high
WTI futures remain volatile and a bearish threat dominates once again. Recent
gains to a high of $29.13 on Apr 3 failed to deliver any follow through and this
is weighing on the contract. Yesterday, futures traded below $19.27, Mar 30 low
and although we have yet to see a strong downside extension, the move lower
confirms a resumption of this year's downtrend and opens $18.12, a Fibonacci
projection. Initial resistance is at $23.08, Apr 14 high.
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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.