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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
NYMEX WTI: (M18) $67.11 Support Key.......>
OIL TECHS: NYMEX WTI: (M18) $67.11 Support Key Today
*RES 4: $71.20 - Daily Bull channel top
*RES 3: $70.66 - Bollinger band top
*RES 2: $69.55 - 2018 High Apr 19
*RES 1: $69.34 - High Apr 30
*PRICE: $68.51 @ 2130GMT
*SUP 1: $67.11 - Low Apr 25
*SUP 2: $66.54 - Low Apr 18
*SUP 3: $66.28 - 21-DMA
*SUP 4: $65.09 - Low Apr 11
*COMMENTARY: The rejections ahead of 2018 highs are a concern for bulls when
combined with daily studies correcting from O/B and the proximity of the
Bollinger top. Bears look for a close below $67.11 to gain breathing room and
hint at a correction back to $65.09-66.31 where the 21-DMA is found. Bulls need
a close above $69.55 to reconfirm focus on $71.20-73.25 where the MT bull
channel top is noted.
To read the full story
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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.