MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(K4) Trend Structure Remains Bullish

BRENT TECHS
  • RES 4: $90.00 - Psychological round number
  • RES 3: $89.26 - High Sep 15 ‘23 and a key resistance
  • RES 2: $88.31 - High Oct 20
  • RES 1: $87.70 - High Mar 20
  • PRICE: $86.69 @ 07:05 GMT Mar 26
  • SUP 1: $84.36 - 20-day EMA
  • SUP 2: $82.48 - 50-day EMA
  • SUP 3: $80.19 - Low Feb 26
  • SUP 4: $76.41 - Low Feb 5 and key S/T support

A bull cycle in Brent futures remains in play and the recent move lower appears to be a correction. Price has recently cleared resistance at $84.34, the Mar 1 high, to confirm a resumption of the uptrend. Moving average studies remain in a bull-mode position and this highlights a clear uptrend. Sights are on $88.31, the Oct 20 ‘23 high. On the downside, initial support to watch lies at $84.36, the 20-day EMA.

Homepagemarkets-real-timeCommoditiesEnergy BulletsBulletEnergy Technical Analysis

To read the full story

Close

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.