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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 UST Issuance Deep Dive: Dec 2024
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MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
(M1) Consolidating At The Highs
- RES 4: 4213.75 Bull channel top drawn off the Feb 26 low
- RES 3: 4175.00 Low Nov 26, 2007 (cont)
- RES 2: 4140.00 High Jan 18, 2008 (cont)
- RES 1: 4116.00 High Jun 8
- PRICE: 4105.00 @ 06:00 BST Jun 10
- SUP 1: 4045.64/4016.00 20-day EMA / Low May 27
- SUP 2: 3964.11/53.62 50-day EMA / Channel base from Feb 26 low
- SUP 3: 3882.00 Low May 19
- SUP 4: 3844.00 Low May 13 and the bear trigger
EUROSTOXX 50 futures are unchanged. Conditions remain bullish with the contract achieving a fresh trend high of 4116.00 Tuesday. The move higher this week confirms a resumption of the underlying uptrend and maintains the broad positive price sequence of higher highs and higher lows. The focus is on 4140.00 next, the Jan 18, 2008 high. On the downside, firm trend support is unchanged at 3882.00, May 19 low. Initial support lies at 4045.64.
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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.