Free Trial
JGB TECHS

(M2) Trend Condition Remains Bearish

AUSSIE BONDS

Firmer Overnight

AUD

Bears Remain In Control

US TSYS

Bull Steepening On Thursday

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
OIL TECHS: NYMEX HO: (U17) Layers of Support $1.5712-1.6128
*RES 4: $1.7005 - Monthly High Apr 12
*RES 3: $1.6803 - Low Apr 12 now resistance
*RES 2: $1.6643 - Hourly resistance Aug 10a
*RES 1: $1.6440 - Hourly resistance Aug 10
*PRICE: $1.6218 @ 0430GMT
*SUP 1: $1.6128 - Low Aug 9
*SUP 2: $1.6017 - Hourly support Aug 9a 
*SUP 3: $1.5970 - 21-DMA
*SUP 4: $1.5712 - Low July 26
*COMMENTARY: The rally Thursday remained capped ahead of $1.6803 with the
correction lower and bearish close leaving the contract looking heavy and focus
back to layers of support $1.5712-1.6128. Bears need a close below $1.5712 to
shift initial focus to 55 & 100-DMAs ($1.5161-1.5438) and below the 55-DMA to
confirm focus on 2017 lows. Bulls now look for a close above $1.6440 to gain
breathing room and above $1.6643 to confirm focus on $1.6803-1.7005.

To read the full story

Why Subscribe to

MarketNews.com

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.