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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
NYMEX HO: (U18) Rally Continues *RES 4:...>
OIL TECHS: NYMEX HO: (U18) Rally Continues
*RES 4: $2.4000 - Measured move from bull flag breakout
*RES 3: $2.2970 - High May 22
*RES 2: $2.2440 - High May 31
*RES 1: $2.2387 - High July 10
*PRICE: $2.2145 @ 05:57 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
After Friday saw a cluster of resistance levels give way in Sep-18 Heating oil
futures, the next level to watch is the July 10 high, which is currently within
touching distance. Above here would open up the May 22 high at $2.2970 and the
measured move from the bull flag breakout that comes in at around $2.4000. Bears
need a close back below $2.1836 to take the pressure off, and a close below the
Aug 15 low to return the focus lower.
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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.