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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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Free AccessMNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors
MNI POLITICAL RISK - Thune Eyes 'Deficit-Negative' Legislation
NYMEX HO: (U18) Resistance Giving Way.....>
OIL TECHS: NYMEX HO: (U18) Resistance Giving Way
*RES 4: $2.2970 - High May 22
*RES 3: $2.2387 - High July 10
*RES 2: $2.1953 - Daily bear channel top
*RES 1: $2.1855 - High July 26
*PRICE: $2.1816 @ 04:06 GMT
*SUP 1: $2.1416 - High Aug 21
*SUP 2: $2.0760 - Low Aug 15
*SUP 3: $2.0490 - Low July 18
*SUP 4: $2.0423 - 200-DMA
A cluster of lateral resistance levels are under attack at look to be giving way
as Heating Oil continues its recovery off its strong base formed over the past
two months. A bull flag formation appears set to be triggered which would bring
the July 10 highs and May 22 highs into focus. Bears need a close back below
Tuesday's intraday high of $2.1416 to take the pressure off, and a close below
the Aug 15 low to return the focus lower.
To read the full story
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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.