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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 US OPEN - RBNZ Cuts 50bps, OCR Forecast Slightly Higher
MNI China Daily Summary: Wednesday, November 27
NYMEX RBOB (M20): Still Watching Key......>
OIL TECHS: NYMEX RBOB (M20): Still Watching Key Resistance
*RES 4: $0.9597 - High Mar 16
*RES 3: $0.9000 - Round number resistance
*RES 2: $0.8272 - High Apr 9 and bull trigger
*RES 1: $0.8236 - High Apr 30
*PRICE: $0.7500 @ 09:27 BST May 1
*SUP 1: $0.6519 - Low Apr 24
*SUP 2: $0.5251 - Low Apr 22
*SUP 3: $0.5189 - Low Mar 23 and primary support
*SUP 4: $0.5000 - Round number support
RBOB futures experienced a sharp rebound in prices on Apr 22 recovering off the
day low of $0.5251. This has left key support at $0.5189 intact, Apr 23 trend
low. The broader outlook remains bearish although it is possible that futures
will trade in a more choppy manner within what appears to be a developing range.
The top (key resistance) is at $0.8272, Apr 9 high. A breach of $0.5189 (range
base) would confirm a resumption of the downtrend.
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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.