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Free AccessMNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29
MNI BRIEF: Japan Q3 Capex Up Q/Q; GDP Revised Lower
NYMEX HO (M20): Bulls Still In Control....>
OIL TECHS: NYMEX HO (M20): Bulls Still In Control
*RES 4: $1.1602 - High Apr 2 and key resistance
*RES 3: $1.1136 - High Apr 9
*RES 2: $1.0651 - High Apr 13
*RES 1: $1.0286 - High May 18
*PRICE: $1.0216 @ 07:19 GMT May 19
*SUP 1:$0.9199 - High May 6 and former breakout level
*SUP 2: $0.8965 - Low May 15
*SUP 3: $0.8022 - Low May 6 and key near-term support
*SUP 4: $0.7769 - Low May 4
HO futures maintain a bullish theme. The recovery off $0.6724, Apr 28 low has
resulted in a break of resistance at $0.8632, Apr 23 high. Furthermore, futures
have managed to clear the 20-day EMA and also the former resistance at $0.9199,
May 6 high reinforcing the current bullish cycle. Currently, the contract is
testing the 50-day EMA at $101.63. A clear break would open 106.51 and 111.36.
Support is seen at $0.9199, the May 6 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.