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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 China Daily Summary: Friday, December 13
MNI US OPEN - UK Economy Contracts for Second Straight Month
NYMEX HO (U19): Still vulnerable *RES.....>
OIL TECHS: NYMEX HO (U19): Still vulnerable
*RES 4: $1.9197 - Trendline resistance drawn off the May 16 high
*RES 3: $1.8807/39 - 50-day EMA / High Aug 13 and key resistance
*RES 2: $1.8800 - High Aug 21
*RES 1: $1.8455 - High aug 23
*PRICE: $1.8002 @ 06:21 BST Aug 27
*SUP 1: $1.7897 - Low Aug 26
*SUP 2: $1.7719 - Low Aug 9
*SUP 3: $1.7450 - Low Aug 7 and bear trigger
*SUP 4: $1.7402 - Low Jun 5 (continuation)
HO directional signals have turned bearish once again. A bearish candle
formation last Wednesday in the shape of a shooting star (inverted hammer)
signalled an end to the recent corrective recovery. The subsequent sell-off left
resistance at $1.8839, the Aug 13 high intact. A break below yesterday's 178.97
low would open $1.7450, the key support and Aug 7 low. A move above $1.8839 is
required to reinstate a bullish theme.
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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.