Free Trial

HKMA Sees No Need, No Plan To Change USD Peg


Petrobras Refinery Utilization at 97%

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
OIL TECHS: NYMEX HO: (K18) 55-DMA Now Capping
*RES 4: $2.0129 - Low Jan 19 now resistance
*RES 3: $1.9937 - High Feb 26
*RES 2: $1.9851 - Bollinger band top
*RES 1: $1.9618 - 55-DMA
*PRICE: $1.9583 @ 0430GMT
*SUP 1: $1.9403 - Hourly support Mar 20
*SUP 2: $1.9300 - 100-DMA
*SUP 3: $1.9104 - Hourly support Mar 19
*SUP 4: $1.9005 - Low Mar 19
*COMMENTARY: The aggressive break of the 100-DMA now sees immediate pressure on
the 55-DMA with a close above needed to confirm initial focus on $1.9937-2.0129
and hint at a move targeting $2.0895-1362 Jan and 2018 highs. Layers of support
are following the contract higher. Bears now need a close below the 100-DMA to
gain breathing room and below $1.9147 to shift initial focus back to $1.8442 Mar
lows so far.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.