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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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Free AccessOil Strikes New Cycle Highs, Nears Best in a Year
Both WTI and Brent crude futures trade well early Tuesday, with both contracts notching up gains of over 1% as they near the best levels in twelve months. A slightly softer USD is only partly responsible, with oil rallying despite technically overbought conditions. Oil markets have resumed their uptrend, but these overbought conditions will be adding to the risk of a near-term pullback.
After suffering late last week, spot gold and silver are inching higher again this morning, with an only tepid recovery in stocks today helping. First tech resistance in gold sits at the 50-day EMA of $1877.30.
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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.