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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 Commodity Weekly: Oil Markets Assess Trump Impact
MNI Gas Weekly: Winter Weather Takes the Driver's Seat
NYMEX HO: (V18) Bulls Need To Stop the....>
OIL TECHS: NYMEX HO: (V18) Bulls Need To Stop the Rot
*RES 4: $2.6000 - Bull channel top
*RES 3: $2.5000 - Resistance
*RES 2: $2.4000 - Measured move from bull flag breakout
*RES 1: $2.3089 - High Sep 5
*PRICE: $2.2084 @ 04:27 GMT
*SUP 1: $2.1817 - High Aug 14 now support
*SUP 2: $2.0823 - Low Aug 15
*SUP 3: $2.0621 - 200-dma
*SUP 4: $2.0574 - Low July 18
Oct-18 Heating Oil continues to edge lower following its false break above $2.30
and bulls need to hold above the Aug 214 highs, now acting as support at
$2.1817, to prevent further chart damage. The Aug 15 low and the 200-dma come
into focus below here. Bulls need a close above $2.30 to open the bull flag
breakout target at $2.4000.
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.