MNI BRIEF: Japan Dec Factor Output Hits 1st Rise in 2 Months

MNI BRIEF: Japan Jan Tokyo Core CPI Rises 2.5% Vs. Dec +2.4%

MNI JAPAN DEC FACTORY OUTPUT +0.3% M/M; NOV -2.2%

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100 BPS TO 13.25%

MNI: Fed Statement Comparison - January vs. December

MNI INTERVIEW2: New NBH Chief Must Clarify Reaction Function

MNI JAPAN DEC RETAIL SALES +3.7% Y/Y; NOV +2.8%

MNI JAPAN DEC FACTORY OUTPUT +0.3% M/M; NOV -2.2%

MNI JAPAN DEC JOBLESS RATE FALLS TO 2.4% FROM NOV 2.5%

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Price Signal Summary - Oil Futures Are Trading Lower Allowing An Oversold Condition To Unwind

OUTLOOK
  • On the commodity front, Gold has recovered from last week’s $1901.1 low on Sep 14. A break of this level would strengthen a bearish theme and highlight the fact that the recovery between Aug 21 - Sep 1 has been a correction. This would expose $1884.9, the Aug 21 low. On the upside, the recent breach of the 50-day EMA does highlight a possible developing bullish threat. Key resistance is at $1953.0, the Sep 1 high where a break is required to confirm a bullish theme.
  • In the oil space, the uptrend in WTI futures remains intact, however, the contract has entered a short-term bearish corrective cycle. The trend condition is overbought and a move lower would allow this to unwind. The first key support to watch lies at $86.53, the 20-day EMA and is a potential short-term objective. On the upside, clearance of yesterday’s $93.74 high would confirm a resumption of the uptrend and open $94.66,the 2.236 projection of the Jun 28 - Jul 13 - Jul 17 price swing.
Metals bulletEM BulletFixed Income BulletsHomepagemarkets-real-timeCommoditiesEnergy BulletsBulletMarketsEmerging Market NewsForeign Exchange BulletsEnergy Technical Analysis
Metals bulletEM BulletFixed Income BulletsHomepagemarkets-real-timeCommoditiesEnergy BulletsBulletMarketsEmerging Market NewsForeign Exchange BulletsEnergy Technical Analysis

To read the full story

Close

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.