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Why MNI
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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 AccessNYMEX RBOB: (N18) Topside Hesitation......>
OIL TECHS: NYMEX RBOB: (N18) Topside Hesitation Weighing
*RES 4: $2.2975 - Low Oct 8 2014 now resistance
*RES 3: $2.2804 - 2018 High May 22
*RES 2: $2.2666 - Hourly resistance May 22
*RES 1: $2.2572 - High May 23
*PRICE: $2.2253 @ 0430GMT
*SUP 1: $2.2195 - Low May 23
*SUP 2: $2.1871 - Low May 15
*SUP 3: $2.1787 - 21-DMA
*SUP 4: $2.1585 - Low May 10
*COMMENTARY: Fresh 2018 highs lacked follow through this week with offers
emerging on rallies leaving the contract looking heavy and focus on initial
support. Bears now need a close below $1.2195 to ease bullish pressure and hint
at a correction back to $2.1787-1871 where the 21-DMA is found. Correcting O/B
studies remain a concern for bulls. Bulls now need a close above $2.2804 to
reconfirm focus on $2.2975-2.4311.
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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.