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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.
COMMODITIES
- Oil prices continue their recent unsettled moves, today falling as questions mount over whether the EU will make an immediate ban on Russian oil imports.
- Canada has also announced it will increase exports of crude oil by 200k bpd and gas by 100k boepd by accelerating planned projects to help displace Russian supply.
- WTI -3.3% at $111.1, off the earlier intraday high of $116.64 that now forms resistance but still above the 20-day EMA of $102.83.
- The most active strikes in the May2022 contract have been $100/bbl puts.
- Brent is -3.3% at $117.6, off the earlier $123.74 and again above support at the 20-day EMA of $108.26.
- The most active strikes in the May22 contract have been $130/bbl calls.
- Gold is +0.9% at $1961.8 with the US targeting Russian gold in new sanctions. It’s through initial resistance of $1954.7 (Mar 15 high) and has re-opened $2009.2 (Mar 10 high).
Mixed day for oil and gas pricesSource: Bloomberg
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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