MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NYMEX HO (V20): Consolidating Below Recent Highs

OIL TECHS
  • RES 4: $1.3598 - High Mar 11
  • RES 3: $1.3394 - 38.2% retracement of the Jan - Apr decline
  • RES 2: $1.3192 - High Aug 5 and the bull trigger
  • RES 1: $1.2896 - High Aug 25
  • PRICE: $1.2406 @ 07:23 BST Sep 2
  • SUP 1: $1.2103 - Low Aug 21 and the bear trigger
  • SUP 2: $1.1903 - Low Jul 30 and a key reversal trigger
  • SUP 3: $1.1788 - Low Jun 29
  • SUP 4: $1.1257 - Low Jun 12

HO futures are unchanged. Last week, the contract found resistance at $1.2896, Aug 25 high. Gains earlier in the week did probe resistance at 1.2868, Aug 11 high. A clear breach of $1.2868/96, would expose $1.3192, Aug 5 high and the key bull trigger. Clearance of this hurdle would mark a resumption of the uptrend and open $1.3394, a retracement level. Key support to watch is at $1.2103, Aug 21 low. A break would be bearish.

Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.