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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 AccessMNI US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
NYMEX WTI: (H18) Initial Focus On.........>
OIL TECHS: NYMEX WTI: (H18) Initial Focus On $69.54
*RES 4: $69.54 - High Dec 1 2014
*RES 3: $66.66 - 2018 High Jan 25
*RES 2: $66.46 - Bollinger band top
*RES 1: $65.70 - Hourly support Jan 25 now resistance
*PRICE: $65.40 @ 0430GMT
*SUP 1: $64.87 - Hourly support Jan 24
*SUP 2: $64.19 - Hourly support Jan 23
*SUP 3: $63.70 - Low Jan 23
*SUP 4: $62.88 - 21-DMA
*COMMENTARY: Support emerging on dips so far this week provides bulls comfort
although the lack of follow through on fresh 2018 and 3+yr highs is a concern
when combined with daily studies looking to correct from O/B. The $64.87 support
is key today. Bears need a close below to ease bullish pressure and then below
$62.78 to confirm a break of the 21-DMA and initially focusing on $58.82-60.75.
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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.