Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
OIL TECHS: NYMEX HO: (Z18) Uptrend Support Coming Into Play
*RES 4: $2.4534 - High Oct 3
*RES 3: $2.3627 - Low Oct 8, now resistance
*RES 2: $2.2731 - 55-dma
*RES 1: $2.1425 - 200-dma
*PRICE: $2.0606 @ 05:58 GMT
*SUP 1: $2.0430 - Low Jul 18 (continuation chart)
*SUP 2: $1.9484 - Low Apr 6 (continuation chart)
*SUP 3: $1.8600 - Up trendline support from 2016 lows (continuation chart)
*SUP 4: $1.8094 - Low Feb 14 (continuation chart)
Heating oil futures smashed through their 200-dma yesterday to give further
credence to the large topping pattern. the next level of support comes in at the
July 18 low on the continuation chart at $2.0430, below which up trendline
support from the 216 lows comes into play. Bulls need to reclaim the 200-dma at
$2.1425 to return the outlook neutral, and overcome the 55-dma at $2.2731 to
regain the upper hand.