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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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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
NYMEX HO: (U18) New Highs Await *RES 4:...>
OIL TECHS: NYMEX HO: (U18) New Highs Await
*RES 4: $2.5000 - Bull channel top
*RES 3: $2.4000 - Measured move from bull flag breakout
*RES 2: $2.2970 - High May 22
*RES 1: $2.2440 - High May 31
*PRICE: $2.2421 @ 04:13 GMT
*SUP 1: $2.1836 - High Jul 27
*SUP 2: $2.1416 - High Aug 21
*SUP 3: $2.0760 - Low Aug 15
*SUP 4: $2.0490 - Low July 18
With the July 10 high at $2.2387 taken out yesterday, the late-May highs are now
the focus for the bulls, with a bull flag breakout looking increasingly likely.
This would put an upside target at $2.40 and open the bull channel top at $2.50.
On the downside, bears need to push back below the July 10 highs to shift the
outlook neutral again.
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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.