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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: Japan Govt Keeps Economic Assessment, Ups Imports
MNI EUROPEAN OPEN: CAD, MXN Weaken On Tariff Threat, JPY Firms
NYMEX HO (V19): Attempting trendline......>
OIL TECHS: NYMEX HO (V19): Attempting trendline break
*RES 4: $2.0000 - Round number resistance
*RES 3: $1.9813 - High Jul 31
*RES 2: $1.9648 - High Aug 1
*RES 1: $1.9206 - High Sep 5
*PRICE: $1.8892 @ 06:55 BST Sep 6
*SUP 1: $1.8006 - Low Sep 4
*SUP 2: $1.7770 - Low Aug 3
*SUP 3: $1.7636 - Low Aug 8
*SUP 4: $1.7515 - Low Aug 7 and bear trigger
HO rallied again yesterday but was unable to hold onto the days high. Prices did
breach trendline resistance at $1.9011, drawn off the May 16 high. While this is
bullish, a bearish candle formation was also confirmed at the days close, in the
shape of a shooting star. This highlights the importance of yesterday's $1.9206
high. A break would see bulls gain the upper hand and open $1.9648. A return
lower though would refocus attention on $1.7770.
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.