MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

(N1) Fresh Trend High Print Once Again

WTI TECHS
  • RES 4: $70.22 - 2.618 proj of Mar 23 - 30 - Apr 5 price swing
  • RES 3: $70.00 - Psychological round number
  • RES 2: $68.39 - 2.236 proj of Mar 23 - 30 - Apr 5 price swing
  • RES 1: $67.95 - High Oct 29, 2018
  • PRICE: $67.68 @ 07:00 BST Jun 1
  • SUP 1: $64.91 - 20-day EMA
  • SUP 2: $63.63/61.56 - Low May 24 / Low May 21
  • SUP 3: $60.55 - Low Apr 22 and key short-term support
  • SUP 4: $58.70 - Low Apr 12

WTI crude traded higher Friday and confirmed a fresh trend high print of $67.52. This marks a resumption of the underlying uptrend and signals scope for an extension of the uptrend which has again occurred today. The focus is on $67.95, Oct 29 2018 high (cont) and $68.39, a Fibonacci projection. On the downside, key support has been defined at $61.56, May 21 low. A break is required to suggest a short-term top.

Energy BulletsCommodities
Energy BulletsCommodities

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.