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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.
EQUITY TECHS
- In the equity space, a strong rally in the S&P E-Minis Tuesday saw price trade above 4142.50, Dec 1 high. However, a strong reversal resulted in a sharp move lower and price remains below Tuesday high. The contract is trading lower today and this highlights a possible bearish threat. Note that Tuesday’s candle pattern is a shooting star formation - a reversal signal. A continuation lower would expose key support at 3945.75, the Dec 7 low. A break of this support would highlight a reversal. Key resistance and the bull trigger is 4180.00, the Dec 13 high.
- EUROSTOXX 50 futures traded in a volatile manner Tuesday. The break higher that day resulted in a print above resistance at 4021.00, Dec 1 high. This reinforces bullish conditions and a clear break would confirm a resumption of the uptrend and open 4049.50, the Feb 23 high (cont). Key short-term support to watch is 3903.00, the Dec 8 low. A break would threaten the uptrend.
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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