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Why MNI
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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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(M2) Fresh Cycle Low
- RES 4: 124–27+50-day EMA
- RES 3: 124-18 High Mar 21
- RES 2: 123-04 High Mar 31 and a key resistance
- RES 1: 122-27+ 20-day EMA
- PRICE: 120-10 @ 11:13 BST Apr 8
- SUP 1: 120-04+ Low Dec 12/13 2018 (cont)
- SUP 2: 120.00 Low Dec 6 2018 (cont) and psychological support
- SUP 3: 119-22 Low Dec 12 2018 (cont)
- SUP 4: 119-04+ Low Dec 3 2018 (cont)
Treasuries remain bearish and the contract has traded to a fresh cycle low again today. The move lower this week has confirmed a resumption of the primary downtrend and marks an extension of the bearish price sequence of lower lows and lower highs. Moving average studies are also pointing south and attention is on the 120.00 handle next. Key short-term trend resistance has been defined at 123-04, the Mar 31 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.