- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI Research
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessTrending Top 5
Market News Topics
February 23, 2018 04:25 GMT
NYMEX WTI: (J18) Above $63.93 To Target...>
OIL TECHS
OIL TECHS: NYMEX WTI: (J18) Above $63.93 To Target $66.39-65
*RES 4: $66.65 - 2018 High Jan 22 (Cont)
*RES 3: $66.39 - High Jan 25
*RES 2: $64.96 - High Feb 5
*RES 1: $63.94 - High Feb 6
*PRICE: $62.79 @ 0430GMT
*SUP 1: $62.12 - Hourly resistance Feb 22 now support
*SUP 2: $60.76 - Low Feb 22
*SUP 3: $60.57 - Hourly resistance Feb 15 now support
*SUP 4: $59.60 - Low Feb 15
*COMMENTARY: The $60.57 support confirmed significance with the bounce from
ahead seeing the contract trading above the 21-DMA ($62.48). Bulls look for a
close above $63.93 to confirm a shift in focus to $66.39-65 where 2018 highs are
situated. Support layers are following J18 higher with bears now needing a close
below $62.12 to gain breathing room and below $60.57 to shift focus back to
$57.90-58.58 where the 100-DMA is noted.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok